Know Your Options: Making Sound Home Finance Decisions After Wildfire
Source: AfterTheFireUSA.org
After The Fire USA hosted a virtual meeting on Friday, March 11, to help fire survivors who have questions about mortgages and home financing post-wildfire.
Understanding the complexities of finance post-wildfire disaster is complex and can be overwhelming. From insurance to mortgages to loans to contracts and more, the financial decisions you make today, post-disaster, can have a long-range impact on your financial stability both during the recovery and for years to come.
Watch the meeting recording here or embedded below.
- Should I pay off my mortgage with my insurance settlement?
- Can I temporarily reduce or even stop paying my mortgage while rebuilding?
- What’s the difference between mortgage deferral and mortgage forbearance?
- How can I protect myself from fraud?
- Will FEMA and SBA Loans help me recover and rebuild?
Hear from Sidra Goldwater, who is the Advisor for Disaster Recovery & Rebuilding at Fannie Mae. Over the last few years Fannie Mae has developed a Disaster Response Network and provides personalized assistance to navigate these difficult decisions. In this meeting she will share an overview of the options that homeowners and renters should consider before making big decisions about rebuilding after disaster – or if you are opting to sell your parcel and purchase an existing home, or if you were renting and want to become a homeowner now.
Check out After The Fire USA’s YouTube Channel for more help and resources!
