![]() Here you will get relief of either all of your mortgage or a portion of it from the program. The most valuable option for the average person, who is not foreclosing etc and just needs help during this time, is the mortgage assistance program. Easily Apply For Government Helpįor example the Arizona Department Of Housing has a Save Our Home Program (SOHAZ) where you may be eligible for Principal Reduction, Mortgage Modification or recast/refinance contribution, second mortgage settlements and extinguishments as well as Unemployed/Underemployment mortgage assistance. Your mortgage will just be elongated by the number of months you do not pay. No late fees will be charged, however interest will accrue. Mortgage Help Mortgage CompaniesĪ ton of companies are offering deferrals of mortgage payments from 60-120+ days. Definitely call your auto loan company or go to your online account as most companies have released info on how they are handling this pandemic including deferrals etc. Most often no late fees are charged of course however finance/interest charges will accrue (but that won’t be much unless you have an extravagant payment). ![]() Many loan companies are waiving fees and deferring payments for 60-120+ days. Whether you need relief in the form of auto payments, mortgages, credit cards, HOA/Strata dues and more, this will help! As more promotions and info is added I will continue to update this help list. You might not know the best course of action and being a dummy myself, I helped dumb it down for you.Ĭlearly this financial issue has become a very trying time seemingly overnight, so here are some tools and methods to extend your financial lifeline until this coronavirus pandemic passes. It will also help if looking at home equity lines of credit, 0% interest credit cards, consolidated loans and more. This article is a great resource for anyone looking to defer payments without penalties or hurting your credit score. You may be hitting some financial hardships due to COVID 19 and while I am not a financial expert, I have researched how to help out during this time and aggregated the info together in one place for you.
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