Month: July 2020

Although millions of Americans struggling to make their monthly mortgage payments because of COVID-19 have received relief through the Coronavirus Aid, Relief, and Economic Security Act, mortgage forbearance is only temporary. Set to expire soon, it could leave many struggling homeowners wondering what to do next. Enacted in March, the CARES Act initially granted a 180-day forbearance (or pause in payments)

A 30-year mortgage can make a lot of homeowners feel like they’ll never be without debt. Fortunately, however, there are numerous effective ways to pay off a mortgage faster, while at the same time saving big on interest payments and sometimes without laying out extra cash. Here are some things you should know if you’re considering paying off your mortgage

With Low mortgage rates continuing to drop to unbelievably low levels, and many borrowers landing 30-year home loans at under 3 percent, it’s no wonder that homeowners with existing mortgages are considering refinancing—even if their current loan is only a year old. After all, refinancing at today’s record-low rates could save a few thousand dollars a year in interest, not

Put off filing your taxes until the extended deadline on July 15? No need to worry! Here are three last-minute tax tips that can save homeowners money. 1. Grab Form 1098 Otherwise known as the Mortgage Interest Statement, Form 1098 is like a one-stop-shop for your possibly two biggest tax breaks: mortgage interest and property taxes. The biggest real estate tax