Mortgage Stimulus: Does there really a stimulus program?

Inflation continues to cause headaches through households across America, with homeowners being severely affected and in the hopes of seeing brighter finantial days ahead after the COVID-19 pandemic saw some wallets get lighter as mortgage payments continued to pile up.

Is there any mortgage finantial aid available?

Since many Americans receive multiple stimulus checks and funds during the pandemic, many are wondering if Congress will also help homeowners furthermore, but they have through President Biden’s American Rescue Act, which provided close to $10 billion dollars to the states and District of Columbia through the Homeowner Assistance Fund (HAF).

The states have implemented several systems and programs to distribute the funds, and generally an eligible recipient must make less than 100% of the median income for the entire United States.

The homeowner can have a $548,250 mortgage balance or less in order to qualify.

Some homeowners could be saving more than $300 dollars monthly if they refinanced their mortgage, with the National Council of State Housing Agencies saying the programs will start rolling out soon and they invite everyone to visit their website for updates.


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