mortgage trouble
Should You Stop Paying Your Mortgage Now? Important Information on Forbearance
I have had a few people ask about forbearance and whether they should stop paying their mortgages during the Covid-19 isolation, under the CARES Act. In a nutshell, NO, you should not do so unless you truly cannot pay it and have established a forbearance with your lending institution(s). Let’s first define forbearance: it is…
Read MoreMortgage Payments Too High? Here is What You Need to Do
Believe it or not, there are MANY homeowners who are underwater, still, years after the mortgage meltdown. According to Core Logic, 6.1% – 3.1 millions homes – of all mortgaged CA homes have negative equity, as of the first quarter of 2017. Short sales are also increasing recently as many variable mortgages that were obtained…
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