Homeowners Can Put Off Mortgage Payments Amid Outbreak Trump Admin Says

The President stated on Wednesday that if you are having trouble paying your rent, he’s going to keep you from being evicted through the end of April, that may soon be extended.

If you are facing reduced hours or job loss and are worried about making your rent or mortgage payment this month, stay calm — President Trump said Wednesday that the Department of Housing and Urban Development will suspend “all foreclosures and evictions” through the end of April.

On the President’s Press Conference with the Coronavirus task for on Saturday afternoon, he mentioned that they are going to postpone mortgage payments to banks right now for an extended period of time.

It’s great for those Americans out of a job and struggling, but what does it do to the banks and the economy?

That said, you will still want to discuss your options with your mortgage lender or landlord if you have experienced a disruption in your income. Here are some steps to take now. 

This story is still developing.

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