Soldiers Get Mortgage Assistance

According to MSN, Fannie Mae is reaching out to service members to assist them in preventing them from losing their homes. The Atlanta local movers learnt that new services are now available to soldiers facing foreclosure. This includes a new hotline for service members that will guide them in regards to their mortgage options and get them the help they need. Also, the Atlanta moving specialists learnt that families facing the death or injury of a service member on active duty can now get a six-moth forbearance on their mortgage payment through Fannie Mae’s unique hardships guidelines. This forbearance is both for service members as well as their surviving spouses. The mortgage can be reduced or suspended up to six months, as well as the credit bureau also suspended so the credit score doesn’t get affected. Soldiers also have an extra year to apply for the $8,000 tax credit unlike the rest of homebuyers which had the incentive end in April 2010. For soldiers that were on active duty overseas for three months between January 2009 and April 2010, they get an extra year. For more information on these new guideline for service members, go to www.KnowYourOptions.com/Military.