Federal Government Extending Certain Mortgages to 40 Years
If you are a homeowner behind on your mortgage payments, you may be able to extend the term of your mortgage to 40 years under a federal program that began May 8, 2023. The Department of Housing and Urban Development (HUD) will allow homeowners who are behind on payments on their Federal Housing Administration (FHA) […]
The CARES Act: Financial Relief for Homeowners and Renters During the Coronavirus Pandemic
Illness, job loss and other problems related to the current coronavirus pandemic have left many homeowners and renters unable to pay their mortgages or monthly rent payments. Fortunately, the federal Coronavirus Aid, Relief, and Economic Security Act (CARES), which took effect in late March, provides some welcome relief to homeowners, renters, and the owners of […]