Whether you’ve recently purchased a home, or you’ve been in your home for many years, the mortgage comes due every month like clockwork.  Unfortunately, paychecks aren’t as predictable during this time of COVID19.

If you anticipate having trouble paying your mortgage, your bank or mortgage holder may be willing to work with you during this difficult time. Federal regulators have instructed lenders to offer homeowners flexibility, as reported by NPR.  According to this article in Fortune, that flexibility may include mortgage forbearance, mortgage modification or mortgage deferment plans. 

Learn about the three options here, then give your lender a call to see what the specific possibilities may be for you.

Tags: COVID-19, COVID19, flexible mortgage, low mortgage rates, mortgages