Today’s financial challenges such as rapidly rising prices for everyday items might cause some people to put owning a home on hold.
Studies show that many older Americans face the looming possibility of foreclosure or eviction.
A reverse mortgages is available to homeowners age 62 and older to borrow against their home’s equity without having to make monthly mortgage payments.
Rental Assistance Resources It can be a confusing time now that COVID rental protections have ended. While 995 HOPE does not directly administer rental assistance programs or offer financial support to renters, we suggest people use the following resources to research rental assistance options. Find rental assistance programs in your state. https://www.hud.gov/states U.S. Treasury directory [...]
If it feels like mortgage and renter’s relief extensions are a “moving target” it’s because that’s the reality we’ve been experiencing for a year and a half. COVID-era programs have been ongoing to help consumers with rental relief through the Emergency Rental Assistance and now homeowners via the Homeowner Assistance Funds, as well as forbearance/and [...]
An estimated 2.2 million homeowners holding 4.47% of the nation's mortgage loans are currently in forbearance, according to data from the Mortgage Bankers Association. While most lenders and loan servicers have been willing to work with homeowners during the pandemic, the latest announcements show that relief protections are set to end at the end of July 2021. With [...]