PANDEMIC HARDSHIP PROGRAM

No credit check is needed, so no hard hits to your credit report, No tax return documents required, No employment information required, No income verification required

1. You put yourself at risk of losing your home to the lender if you still owe a mortgage
2. High-risk of filing for bankruptcy
3. Your credit report may be severely damaged for the next 10+ years
4. You may be subject to foreclosure and other negative impacts
5. Become at-risk of being denied new loans and new credit in the future due to defaults and negative credit reporting
6. Still responsible for paying your mortgage every month, regardless of financial strain
7. Lenders can request you to pay extremely higher interest rates due to your mortgage payment record
8. May cost you more money in the future to repair your credit if you are unable to pay
9. Lenders may pressure you with a time limit to come up with money you do not have when you need it most
10. May be more costly to reverse foreclosures and other negative results of not paying on time

1. No money to renovate the property
2. No money to pay real estate agent commissions to get rid of the property
3. Increases the ability to save your money monthly during unprecedented times is crucial
4. Selling your home outright due to pre/foreclosures/default may take a worse effect on your credit report
5. Having your loan paid for you will contribute to your credit repair and may help raise your credit score
6. In some cases, mortgage loans may be paid off in-full in the near future

1. Selling your home due to other hardships while your mortgage loan is in a negative or derogatory standing will affect your credit history immensely, as opposed to getting it back in good standing
2. As your mortgage loan gets paid down, this could increase your chances of obtaining new credit for future buying power
3. Help avoid your chances of filing for bankruptcy due to inability to pay your mortgage and other expenses
4. Selling your home with an agent will be more costly and you may need to come out of pocket in addition to pay for fees at closing
5. You can now use the money you were paying your mortgage with for personal needs, to pay past due bills, repair your credit, pay for your new home, other expenses, re-build your savings, vacations and even rebuild your savings
6. No longer deal with your mortgage company phone calls, letters, harrassment, or other affairs, we will take care of your loan correspondences for you directly