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Extending Help to Homeowners Impacted by COVID-19

By
Mortgage and Lending with ChangeMyRate.com® A Mortgage Corporation NMLS #1326269

If you’re struggling to make your mortgage payments due to COVID-19, relief options are available. 

If you are a homeowner experiencing financial hardship directly or indirectly related to Coronavirus (COVID-19) and your mortgage is owned by Freddie Mac, contact your loan servicer (the company listed on your mortgage statement) right away to discuss your options.

Whether you’re facing job loss, reduced income, illness or other issues that impact your ability to make your monthly mortgage payment, Freddie Mac is working to ensure you are protected. In fact, the company has directed your loan servicer to provide mortgage relief options that include:

  • Ensuring payment relief by providing forbearance for up to 12 months
  • Waiving assessments of penalties or late fees
  • Halting all foreclosure actions and evictions of borrowers living in homes owned by the company until at least June 30, 2021
  • Offering loan modification options to provide mortgage payment relief or keep those payments the same after the forbearance period
  • Starting July 1, 2020, offering a payment deferral solution in which your deferred payments will be due at the end of the loan

For more information about extending help to homeowners impacted by COVID-19 and how to buy a house, See the SCOOP! Blog

Comments (1)

Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Jackie. Sometimes you need a helping hand when health issues surface. Thanks for the tip! Enjoy your day.

Apr 18, 2022 05:10 AM
Jackie A. Graves

Hi Wayne, Thanks for your comment. Very much appreciated. Stay tuned for future posts and make it a great day.

Apr 19, 2022 09:55 PM