There are lots of people out there who are searching for options for mortgage relief. A quick search will reveal options for programs such as FMERR and HARP; however, many of the articles regarding these programs are a bit outdated. This makes them misleading. Sometimes, people might think they can apply for these programs when, in reality, they cannot. These programs have expired. Fortunately, there is another option for HIRO. What Is HIRO? HIRO is the mortgage relief refinance program for 2020. Run by Fannie Mae, this program does have some similarities to its ancestors (HARP and FMERR); however, it also allows homeowners to refinance even if they don't have any equity. Furthermore, there … [Continue Reading...]
With time on our hands, many of us are busying ourselves with home improvement projects. Some simple changes can increase the attractiveness of a home and may help with a sale. If you are getting ready to sell your home or if you just want to beautify it a little, here are some low-cost tips for home improvements to consider. Go Green Adding indoor plants is nice and improves interior air quality. If you have the room for it, consider a vertical garden. A vertical garden may use the entire ceiling-to-floor area of one wall. With the proper type of grow lights, it is possible to create the feeling of a lush tropical forest inside the home. You can grow a herb garden in a window box, so you … [Continue Reading...]
Last week’s economic reports were limited due to closures connected with coronavirus regulations. The Federal Reserve did not issue minutes for the most recent Federal Open Market Committee meeting as the meeting was canceled. Inflation readings were released; weekly readings on mortgage rates and new jobless claims were released along with the University of Michigan’s Consumer Sentiment Index. Consumer Price Index Falls In March The Consumer Price Index dropped by -0.40 percent in March; this was its biggest decline in five years. Lower inflation was largely due to falling fuel prices. The Core Consumer Price Index, which excludes volatile food and energy sectors, fell by … [Continue Reading...]
It can be a tremendous challenge to suddenly be stuck at home during the COVID-19 crisis. For those who are in an area of the country where there is a "shelter in place" order, this can feel very much like house arrest. If there are children stuck at home as well, this could be enough to make the entire family go stir crazy. It can be hard to come up with ways to have fun when there is a lot of fear and anxiety in the air; however, here are a few great ways that families can have fun, grow closer, and bond during a challenging time. Take A Virtual Tour Of A Museum There are a handful of museums and aquariums around the country that are offering people the opportunity to take a virtual tour … [Continue Reading...]
During the COVID-19 pandemic, it is more important than ever for everyone to make sure they act in the best interests of their local communities and the world as a whole. This means that everyone should follow the advice of the Centers for Disease Control and Prevention (CDC), practice social distancing measures, and obey all orders to shelter in place. When families are stuck at home, it is important to ensure the house is sanitized. This will prevent the spread of this dangerous virus. There are a few measures that everyone should take to make sure their home is as clean as possible. Clean High-Touch Surfaces Frequently Any surfaces that multiple people are going to touch on a regular … [Continue Reading...]
Federal housing agencies and government-sponsored enterprises Fannie Mae and Freddie Mac are responding to the COVID-19 outbreak with multiple relief programs for homeowners experiencing hardship due to illness and job loss. 60-Days Forbearance on Home Mortgages Owned or Backed by Fannie Mae or Freddie Mac Many U.S. home loans are owned or guaranteed by Fannie Mae or Freddie Mac. Homeowners can determine if your loan is connected with Fannie Mae here.here. Please check here to check if your mortgage is affiliated with Freddie Mac. CARES Act Provide Relief for Eligible Homeowners The federal Coronavirus Aid, Relief and Economic Security Act provides two protections for homeowners: Payment … [Continue Reading...]
