Monday, April 6, 2020 / by Ross Novotny
Today we have a PSSA, a public service and safety announcement. Specifically, we’re talking about your financial safety. We want to educate all of you about what’s going on in today’s market because it’s difficult to sort through everything out there. With this information, you can make empowered choices now and in the future.
Here’s an outline of our discussion with timestamps so that you can skip ahead to the topic(s) that interest you the most:
1:25- Why you should pay your mortgage or rent if you have the financial ability to do it, and what to do if you can’t.
2:40- Who is your “loan servicer”?
4:30- What do “Forbearance” and “Deferral” mean and how are they different?
8:58- More financial solutions if you’re behind on your payments.
11:40- Why the stimulus money will only help you so much, and the best way to take care of your finances during this time.
13:10- Why you need to reach out to your lender before you become delinquent.
15:04- Wrapping things up.
If we can help you in any way, don’t hesitate to reach out via phone or email. We’re also happy to answer any questions you have. We look forward to hearing from you!