Owning a home is exciting, scary, empowering and comforting. However, it can also be extremely stressful in unprecedented times such as these.
I am a licensed mortgage originator NMLS #598526 and I have been in the home financing business for almost 40 years and have been through numerous financial downturns. Through all those cycles of the financial markets, I’ve never witnessed this kind of financial turmoil. With that being said, I can guarantee you the market WILL bounce back as soon as this virus has been contained. Yet many homeowners are concerned about the now and how they’re going to pay their mortgage. There is a light at the end of the tunnel. The government has instructed the banks and the servicers to put a forbearance on mortgages for 90 days with no impact to your credit report. This means that those 90 days that you are not making your mortgage payment will not appear as late on your credit report and no foreclosures proceedings can be instituted.
If you would like to take advantage of this free service, email me your mortgage statement to donna@asapmortgageinccom, I will happily contact your servicer on your behalf. Should you have any questions, feel free tor reach out to me via email or my cell phone 845-282-0514.