Guide to Coronavirus Mortgage Relief Options

What are the major mortgage relief options during the coronavirus pandemic?

• CARES Act Relief Options for all federally backed mortgages

• Mortgage forbearance

• Moratoriums suspend or stop foreclosure

What mortgage relief options do I qualify for?

• First, figure out who services your mortgage. This is who you need to contact.

• Second, figure out if your mortgage is federally backed.

If you’re among those financially impacted by the coronavirus pandemic, you might be concerned about how to pay your mortgage or rent. Federal and state governments, as well as financial institutions and loan servicers, have announced plans to help struggling homeowners during this time.

Keep reading to get information on what to do now, and what your options are for mortgage, rental relief, and utility disconnections.

https://www.consumerfinance.gov/about-us/blog/guide-coronavirus-mortgage-relief-options/