Coronavirus and your mortgage from the Federal Trade Commission

Because of the Coronavirus, many people are facing financial challenges, especially paying their mortgage. If you’re unable to make your mortgage payments, you could lose your home to foreclosure. Federal lenders and some private lenders are offering borrowers temporary help, like stopping or delaying foreclosure or modifying the mortgage. But these measures don’t apply to everyone. If you need help, research the options available to you for getting through these tough times.

Fannie Mae Resource – What is Forbearance?

COVID-19 may impact your ability to make mortgage payments, making you eligible for a forbearance. Watch this brief video to learn more about forbearance and what it may mean for you.