Dear Clients and Friends,
As Covid-19 is sweeping the nation, it has made it a challenging time for us all. While it is very important to stay in quarantine, our financial obligations remain. Therefore, I wanted to take a moment and share a few resources available to you for financial relief.
If you can no longer make your mortgage payment due to Covid-19, you should apply for assistance with your Lender. Simply login to the Lender Dashboard and look for a link noting Covid-19 financial assistance. Most lenders have made this link readily available on their Dashboards for their borrowers.
If you are a business owner, you can take advantage of the SBA Disaster Loans (EIDL) available on the SBA website. Here is a direct link to apply: https://covid19relief.sba.gov/#/
Small Business Administration (SBA) eligible lenders can begin processing loan applications for the Payroll Protection Program (PPP). You should inquire with your financial institution where you hold your business accounts. Here is a link with more information: https://drive.google.com/file/d/1DL9XdrfUgLOetqjUY04fE_NmV5nGVDi9/view
The U.S 10 Year Treasury is down to 0.596% today marking a 1.281% drop since the beginning of the year: https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx
Freddie Mac reported a national average rate this week of 3.33% with 0.7% Fees and Points for the 30 year fixed rate mortgage: http://www.freddiemac.com/pmms/pmms_archives.html
I hope this information finds you well. Stay home, healthy and safe!