Mortgage Relief INFO: Family and Business

Mortgage Relief INFO: Family and Business

NOTE: Homeowners and Renters across the country are experiencing the Financial impacts of Coronavirus, or COVID-19.  Dan Cassel and the Trinity Mortgage Loan Team thoughts and prayers go out to those most affected by this Virus!
Our Lending team has prepared a few updated COVID-1919 Relief details and links to research and help fellow Homeowners and Renters.
Our Loan team can help many families get back on track, even refinance. As Brokers, we are working with many banks on solid loan solutions to help those who have cleaned up their forbearance and may benefit.. Direct 866-310-1112

Mortgage Relief for Homeowners

If you are experiencing a hardship such as job loss, income reduction, or sickness due to COVID-19 and you are no longer able to make your mortgage payment, your mortgage servicer is available to help with mortgage relief options, including:

  • Payment relief through a forbearance plan offers a reduction or suspension of your mortgage payments for up to 12 months, offered in increments of up to six months
  • Late fee relief during your forbearance plan period
  • Repayment options following your forbearance. You are not required to repay missed payments all at once, but you have that option. You can also set up a repayment plan to catch up gradually or a loan modification to help keep payments affordable.

Additionally, foreclosure and eviction relief may be available through the federal CARES Act signed into law on Friday, March 27, 2020.

There are many programs and steps you can take if you are experiencing financial difficulties with making your Mortgage Loan payment. If you are experencing Foreclosure, you may find it hard to understand the process your lender will use to legally sell your property to pay off the debt you owe. Maybe this helps?  (This is not meant to be Legal Advice!)

The actual number of days can differ, and many times timelines will be extended, however below are the minimum days it would take by law in the state of California.

 

California Foreclosure Timeline

 

Here are also a few links that may help you find good facts on Mortgage Relief.

Take the time to visit these links to learn more details on Mortgge Relief.  In many instances you may still qualify for a Refinance. We suggest you visit with your Loan Servicer First and try to get a copy of your current Mortgage History. Then to confirm Home Financing options and Loan Pricing, just dial one of our Mortgage Professionals at 866-310-1112 or CLICK HERE to learn more and share those details. We will then provide you a Free Loan Analysis and Consultation. We value the opportunity and will do our best to help.

CFPB Mortgage Resource Page Learn About Forbearance

Guide to Small Business Covid 19 Emergency Loans from www.uschamber.com

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Licensing

Loan Officer NMLS #347918 CA DRE # 01146347

Trinity Mortgage NMLS #281763 CA BRE 01855258

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Contact Us

Dan Cassel - Trinity Mortgage
11622 El Camino Real
San Diego, CA 92130

Number:
(866) 310-1112

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