Requesting Mortgage Forbearance: Be Careful

Congress recently passed the CARES Act which will provide homeowners with the option to elect forbearance on their mortgage payments for up to 6 months. But you need to be aware of how forbearance works, the repayment terms, the impact to your credit score, and how to determine whether or not you have a federally-backed mortgage.

Fannie Mae Website:
Freddie Mac Website:

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IRS Stimulus Checks:
Penalty Free IRA & 401(k) Distributions:
New 401(k) Loan Limits:

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