With COVID-19 fears spreading as fast as the virus itself, businesses have shut down and a record number of Americans have either lost their jobs or taken dramatic pay cuts. That’s led to many American homeowners looking to see whether the CARES Act, the government-backed stimulus package, can help them navigate paying their mortgage every month.
Many news items and blog posts suggest homeowners immediately contact their lenders or mortgage servicers as soon as they feel that their personal financial hardship might make it difficult to keep up with mortgage payments.
Continue reading Understanding mortgage servicing at Movement Mortgage Blog.
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via Naza Finance Blog
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