COVID-19 Financial Assistance

Good information for your Vets or yourselves if you get in a mortgage crunch due to lost income.

Take Care, Be Safe, and Spread the Word,
John

Please take a minute to look at the resources in the links below.  There may be something that could help you during this unusual and unprecedented time. If you have a mortgage and you have lost income, or had a reduction of income, due to the COVID 19 Virus,  Contact your lender right away and get on record.  They will send you paperwork for a Forbearance or Deferment option. After you contact the lender, feel free to call me and I will help to explain things to you.

Application for Financial Assistance for Small Businesses including sole proprietorships

SBA - Disaster Loan Assistance

Financial assistance for the self- employed and free lancers starts 4/3/2020

• https://sbecouncil.org/2020/03/30/whats-in-the-cares-act-for-small-businesses-the-self-employed-and-gig-workers/

Social Security Beneficiaries and the COVID Stimulus payments.

• https://www.irs.gov/coronavirus
• https://home.treasury.gov/news/press-releases/sm967   update 4/1/2020

“In addition Social Security recipients who are not typically required to file a tax return do not need to take an action, and will receive their payment directly to their bank account,” said Secretary Steven T. Mnuchin.  The IRS will use the information on the Form SSA-1099 and Form RRB-1099 to generate $1,200 Economic Impact Payments to Social Security recipients who did not file tax returns in 2018 or 2019. Recipients will receive these payments as a direct deposit or by paper check, just as they would normally receive their benefits.

General information on assistance during the COVID 19 crisis:

• https://www.chapa.org/housing-courses/covid-19-immediate-assistance

Who to contact if you have questions about your MA mortgage during  the COVID 19 virus

• https://www.mymassmortgage.org/

Who to contact if you are a small business owner who needs financial relief during the COVID 19 virus crisis? Apply online

• https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources

HUD information and resources for the corona virus pandemic- ( scroll all the way down the page for all  info)

• https://www.hud.gov/coronavirus

Moratorium on federally backed loans and rentals. Explanation of forbearance attached to this email

• https://www.hud.gov/press/press_releases_media_advisories/HUD_No_20_042
• https://www.fhfa.gov/Homeownersbuyer/MortgageAssistance/Pages/Coronavirus-Assistance-Information.aspx
• https://www.hud.gov/sites/dfiles/Main/documents/sec184_letter_032020.pdf

MA Unemployment Information – how to apply

• https://www.mass.gov/info-details/massachusetts-covid-19-unemployment-information