Scared to go back into the world?

Quarantine life with kids at home going on SEVEN weeks, oil prices in the red, rising unemployment, the declining economy, forbearance payback terror, the corona virus crossing the one million cases mark, and the country is re-opening.  Wow, that is more drama than all of Bravo’s Housewives…every city and all seasons combined.

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3 Doable Tips Unemployed Individuals May Consider to Protect Credit

People are often devastated when they suddenly lose their jobs. As a result of the ongoing coronavirus disease of 2019 (COVID-19) pandemic, especially affected are those who have a family to raise and monthly obligations to pay to creditors. It’s a stressful situation if you think your “rainy day fund” is not enough to cover daily expenses and bills for the next couple of months.

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Loan Modification Could be a Viable Option for Unemployed Individuals

Homeowners still paying their mortgage are on the brink of missing their monthly payments when they suddenly lose their jobs. Although mortgage interest rates have become favorable, borrowers who become unemployed could not possibly refinance their current mortgage simply because lenders will most likely not be able to verify that they have a stable source of income to repay the new loan. Their financial situation could be even more frustrating if borrowers don’t expect that they could land a job again anytime soon. Some struggling homeowners, however, may find loan modification a viable option to avoid foreclosure and keep their homes.

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Practical FaceTime Tips for Home Sellers

Since 2017 home sellers have recognized the potential of the iPhone-only video chat application, FaceTime. While nothing beats the experience of in-person home viewing, video chat apps have become increasingly popular recently because of the COVID-19 pandemic. With video chat apps, home sellers are now able to give prospective homebuyers a walk-through of the property virtually.

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What Struggling Homeowners Should Expect From Their Mortgage Servicers?

It’s a frustrating situation when homeowners start to miss making their monthly mortgage payments. Struggling homeowners are often advised to get in touch with their respective mortgage servicers to help them come up with a workable solution to keep up with their payments and hopefully avoid foreclosure. Homeowners should be familiar with the core duties of the companies that collect their monthly payments so that they can ask the right questions about their mortgage and have an idea of what to expect when they do.      

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Why Mortgage Refinancing Could Be Beneficial

Whenever mortgage interest rates take a plunge, most homeowners could be asking themselves if they would benefit from refinancing their current mortgage. Like taking out a mortgage to buy a home, there are also significant fees associated when refinancing a mortgage. When refinancing a mortgage, homeowners need to determine their financial goals so that they could figure out if they would benefit from the process. As a rule-of-thumb, refinancing could make sense if it will improve the homeowners’ finances along the way.

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Side Gig Ideas That Could Help Boost Your Income

Millions of Americans have recently filed for unemployment claims as the coronavirus disease (COVID-19) continues to snowball, shutting down businesses across the nation. Many families could experience financial difficulties in these trying times. To address the situation, the U.S. Senate had passed a $2 trillion economic stimulus bill to ensure families remain in their homes while the world continues to deal with the pandemic.

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