COVID-19 | Resource Guide

The COVID-19 coronavirus pandemic has swept the globe and has quickly ushered in a “new normal.” Our daily lives have changed and many are feeling the impact.

We’ve compiled our COVID-19 resource guide to help answer the most common financial questions as they relate to your mortgage, the current economic outlook, your personal finances, and staying productive in the new normal.

For more information on how First Heritage Mortgage has responded to the COVID-19 coronavirus pandemic, please visit the COVID-19 Update post on our blog.

Mortgage

Appraisals During COVID-19

With social distancing measures in effect across the nation, we want you to be comfortable and stay safe. Here’s how your appraisals can continue effectively while you maintain your distance. Read more about appraisals on the First Heritage Mortgage blog.

Is Now Still a Good Time to Refinance?

Are you wondering if the COVID-19 coronavirus pandemic has primed the market for refinances? With all the talk about market changes, it’s best to know what to look for. Read more about what to look for when considering a refinance.

Mortgage Forbearance

Mortgage Forbearance: Weigh the Pros and Cons

Mortgage forbearance is when your mortgage servicer agrees to suspend or reduce your payments for a period of time. Entering into mortgage forbearance is not a decision that should be taken lightly, as it can have both positive and negative impacts on your financial future. Read more about important pros and cons to consider before entering mortgage forbearance.

Coronavirus Mortgage Relief Options

If your finances have been impacted by the coronavirus pandemic, you may have concerns about how to pay your mortgage. Federal and state governments have shared plans to help struggling homeowners. Read more in the CFPB’s Guide to Coronavirus Mortgage Relief Options.

CARES Act Mortgage Forbearance: What You Need to Know

If you are experiencing difficulty making your mortgage payments because of the COVID-19 pandemic, mortgage forbearance may be an option for you. Watch this video from the CFPB for everything you need to know about mortgage forbearance.

NOTE: Please contact your financial professional for advice on how forbearance may impact your long-term credit prior to moving forward.

Market Updates

How the Fed’s Emergency Rate Cut in Response to COVID-19 Affects Mortgage Rates

In response to the concerns surrounding the stability of the economy, the U.S. Federal Reserve stepped in and announced an emergency rate cut. What does that mean if you’re a homebuyer or a homeowner? Read more about how the emergency rate cut affects mortgage rates.

How the $2 Trillion COVID-19 Stimulus Bill Impacts You

On March 27, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law. The $2 trillion stimulus package is aimed at providing financial aid to families and businesses impacted by the COVID-19 coronavirus pandemic. Read more about how the CARES Act impacts you.

Personal Finance

Protecting Your Credit During the COVID-19 Pandemic

As the COVID-19 situation continues to evolve, it’s important that your health, safety, and families are your top priority. That shouldn’t mean your credit should take a hit. Read more about how to protect your credit during the COVID-19 pandemic.

Protect Yourself From COVID-19 Scams

Scammers have already launched several coronavirus-related schemes to con people into giving up their money and personal information. Read more about common coronavirus-related scams and how to avoid them.

Staying Productive

Working From Home? Here Are 7 Tips to Help You

With government-mandated stay at home orders in effect and many businesses opting to have their employees work from home, you may find yourself with a new office view. Read more about how to stay productive while you work from home.

Tips for a Safe Move During the Coronavirus Outbreak

Moving to a new residence involves people, which means it involves a level of risk. You can protect yourself and anyone who’s helping you move with a few simple precautions. Read more about ways you can stay safe while moving to a new home at this time.

Stay Connected While Social Distancing

With social distancing measures impacting all of us, it’s important to stay in touch with each other. Fortunately, it’s never been easier to stay connected. Read more about how to stay connected while social distancing.

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