Biden’s latest mortgage assistance can cut your monthly payment by up to 25%

Biden's latest mortgage assistance can cut your monthly payment by up to 25%

Biden’s latest mortgage assistance can cut your monthly payment by up to 25%

While most U.S. homeowners have come through the pandemic unscathed, or even further ahead thanks to money-saving refinances at cheap mortgage rates, millions of others have had to opt for forbearance to put their loan payments on hold. A federal foreclosure ban provided them further protection.

Now, those safeguards are falling away.

Though more than 1.74 million mortgages were still in forbearance as of Aug. 10,…


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