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 [...]
People relying on COVID related forbearance relief are watching what programs will be extended as we navigate the ongoing pandemic.
COVID-era mortgage forbearance relief and renter protection programs are set to end in the upcoming months. Even if the federal government extends the relief programs, it’s key to understand how to get back on track with your monthly mortgage or rent payments. Depending on how challenging the financial situation, it can be confusing to understand [...]
Sometimes financial challenges may lead to falling behind on your monthly mortgage or rent. While it can be confusing to understand your options, remember you are not alone.