The right thing to do if you’re falling behind your mortgage payments due to the COVID-19 pandemic is to call your servicer. If your loan belongs to any of the government-sponsored enterprises (GSE) e.g. Fannie Mae, Freddie Mac, FHA, or VA, you could be allowed to temporarily suspend making your monthly payments.
The new coronavirus disease of 2019, or COVID-19, continues to plague homeowners nationwide. The Federal National Mortgage Association (a.k.a. Fannie Mae) offers mortgage relief options to homeowners who have been affected by the pandemic disease.
Generation Z is, no doubt, the next bloodline that will keep the housing market alive. Recent surveys have suggested that there’s an increasing number of credit-eligible individuals from this generation taking out mortgages compared with other forms of debt. For someone who’s young and planning to buy his or her first home, taking a HomeReady® mortgage can be an affordable option.