Our mortgage experts are closely following the impact of the coronavirus pandemic on homeowners, mortgage borrowers and renters. “Knowing what steps to take early, and understanding what help is available, is essential for homeowners and renters struggling to make monthly housing payments,” said LendingTree’s senior mortgage writer Crissinda Ponder.
While refinancers may be eager to take advantage of rock-bottom mortgage rates, some mortgage borrowers are worried about facing foreclosure because they’re behind on mortgage payments due to lost or reduced income. For renters who are struggling to make payments or are already behind, the fear of eviction is a threat to their housing stability and safety. Regardless of your situation, here are resources that can help borrowers and renters alike plan their next steps.