If you are a homeowner whose home or place of employment has been impacted by Hurricane Irma and your mortgage is owned by Freddie Mac or Fannie Mae and you are suffering a financial hardship as result of Irma there is potentially help for you.
In Major Disaster Areas where federal Individual Assistance programs have been extended, your mortgage company is authorized to:
– Defer mortgage payments for up to 12 months.
-Waive assessments of penalties or late fees against borrowers with disaster-damaged homes.
-Suspend reporting mortgage loan delinquencies caused by the disaster to the nation’s credit bureaus.
To see the full Freddie Mac / Fannie Mae Hurricane Relief Consumer Information Flyer you can Click Here. As always if you, your family or friends needs any assistance please call our office.