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Consumers Beware!

Many homeowners who need to skip their mortgage payments under the CARES Act may be in for a rude surprise. A number of mortgage servicers are demanding that people who skip payments be required to bring the entire balance current through a balloon payment at the end of the “relief” period.

Article to reference – https://www.npr.org/2020/04/27/843547334/3-4-million-homeowners-skip-payments-but-many-are-scared-say-congress-needs-to-a?utm_medium=RSS&utm_campaign=storiesfromnpr

If you find yourself falling behind on your mortgage and unable to catch up, give our office a call and we can discuss your options.

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