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Category: COVID-19

Fannie Mae and Freddie Mac Define COVID-19 Forbearance Repayment Options 

We previously talked about Forbearance as an option for anyone negatively impacted because of COVID-19. Forbearance is one of the most common options for those who cannot make their mortgage payments on time. Typically, once a loan is out of the agreed timeframe of forbearance, the borrower is expected to pay a “balloon payment,” or …

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You Can Help our Houston Community Overcome the Effects of COVID-19 and Stay Strong.

With shelter in place orders issued for Houston area counties and an extension on social distancing until April 30th, we might find ourselves with some extra time on our hands. Here are some ways to keep yourself active and busy while giving back to the community and helping vulnerable groups.  NOTE: If you are sick, …

The post You Can Help our Houston Community Overcome the Effects of COVID-19 and Stay Strong. appeared first on Benchmark Mortgage Houston.

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What is mortgage forbearance, and what does it mean for you?

In a mortgage forbearance agreement, the lender agrees not to foreclose on a mortgage, and the borrower agrees to a plan that will result in a temporary adjustment to provide relief, and to pay the balance to be current with the original payment plan.

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How to be a Real Estate Pro In Times of Uncertainty: Understanding Market Issues

Your knowledge, leadership, and ability to adapt quickly are all being tested. Master these tips to surge to the top of your client's minds when they go to recommend an expert. Here is Part 1 of our Client First video series: Understanding Market Issues.

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New appraisal and origination requirement changes announced due to COVID-19

Special measures have been taken to help account for challenges facing the real estate market due to COVID-19. Here are the temporary flexibilities in place to facility the continuation of transactions for buyers.

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