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: https://www.knowyouroptions.com/loanlookup
Freddie Mac Website: https://ww3.freddiemac.com/loanlookup/

Supporting YouTube Videos
IRS Stimulus Checks: https://www.youtube.com/watch?v=HB-lOV2gCcw&t=4s
Penalty Free IRA & 401(k) Distributions: https://www.youtube.com/watch?v=EAUqQjX2ccU&t=123s
New 401(k) Loan Limits: https://www.youtube.com/watch?v=EAUqQjX2ccU&t=123s

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