New Fannie Mae site for Struggling Homeowners
Fannie Mae announced the launch of KnowYourOptions.com, a new consumer education website that outlines the choices available to homeowners who are struggling with their mortgage payments and high mortgage rates, and provides guidance on how they can contact and work with their mortgage company to find solutions.
The online resource, which offers reliable and easy-to-understand information in both English and Spanish, expands on Fannie Mae’s ongoing efforts to help struggling borrowers find alternatives to foreclosure.
Key features of KnowYourOptions.com include:
-Interactive Options Finder to help homeowners identify options that might be right for their situation;
-Calculators to help borrowers understand how many of the options work, including refinance, repayment, forbearance and modification;
-Videos featuring real homeowners discussing how they received help and housing counselors providing advice;
-A virtual assistant to walk homeowners through key areas of the site;
-Next steps and helpful forms, including a financial checklist and contact log to help borrowers be prepared when contacting their mortgage company or housing counselor.
For homeowners who are having trouble paying their mortgage, but want to stay in their homes, KnowYourOptions.com provides information on refinancing, repayment plans, forbearance, modifications and Deed-for-Lease.
For homeowners who recognize that they can no longer afford their mortgages, but want to avoid having a foreclosure on their credit history, the site provides information on alternatives including short sales and deeds-in-lieu.
Contact me with any questions you have about selling your home in the Daytona Beach area. I am qualified and experienced in helping buyers and sellers in short sale and bank-owned homes.
Sherry Armstrong, Realtor
386-679-3191
yourkeytothebeach@gmail.com
www.sherryarmstrong.com
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