Bonus: Financial Relief for Struggling Homeowners and Renters

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 29 March 2021

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

Happy Monday! Delivering a special BONUS episode, in partnership with Fannie Mae, providing timely advice and support for struggling homeowners and renters impacted financially by COVID-19. The pandemic has hurt so many millions of Americans from being able to pay their bills, including their housing payments. It’s been especially challenging for people of color who have been disproportionately impacted economically. Joining to provide some solutions is Danielle McCoy, Vice President and Fair Lending Officer at Fannie Mae. She and Farnoosh discuss Fannie Mae's #HeretoHelp education effort, the ins and outs of forbearance, and why it might be a real option for homeowners right now. They also tackle some of the myths surrounding forbearance and how it impacts one's credit. Also: important advice for renters that may need some financial assistance right now, how to know if you can qualify for free financial counseling and the best ways to negotiate with your landlord. To learn more about the strategies discussed, please visit KnowYourOptions.com. Please note, since the recording of this podcast the Centers for Disease Control and Prevention extended its temporary halt in residential evictions order through June 30, 2021. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Bonus so money episode important advice for homeowners and renters struggling to make ends meet
0:07.2	You're listening to so money with award-winning money guru Farneesh Karabi each day in a 30-minute dose of
0:14.0	Financial inspiration from the world's top business minds authors influencers and from Farneesh herself
0:21.3	Looking for ways to save on gas or double your double coupons. Sorry
0:25.6	You're in the wrong place
0:27.1	Sicking profound ways to live a richer happy your life. Welcome to so money
0:33.6	Welcome to so money everybody very excited to bring you this extra bonus episode in partnership with
0:39.6	Fannie Mae where we will be providing timely advice and support
0:44.4	For anyone out there who's a struggling homeowner or renter impacted financially by COVID-19
0:50.4	The pandemic has hurt so many millions of Americans from being able to pay their bills including their housing payments
0:57.4	It's been especially challenging for people of color who've been disproportionately impacted economically
1:03.4	Joining me to provide some solutions is Danielle McCoy. She's a vice president and fair lending officer at Fannie Mae
1:10.4	She and I cover a lot of ground in this next half hour about Fannie Mae's here to help education effort
1:16.0	The ins and outs of forbearance and why this might be a real option for homeowners right now
1:21.5	We also tackle some of the myths surrounding forbearance and how it impacts your credit
1:26.6	Also important advice for renters that may need some financial assistance right now
1:31.9	How to know if you can qualify for free financial counseling and the best ways to negotiate with your landlord. Here we go
1:41.9	Danielle McCoy welcome to so money. I'm so happy to have you here
1:45.6	We got to help so many homeowners and renters in this moment make ends meet. It's really great to have you
1:51.7	Thank you so much for having me on today for a news
1:54.7	Absolutely couldn't think of a better person you know at Fannie Mae you are a vice president fair lending officer
1:59.6	So you are really at this intersection you're hearing you're seeing you're experiencing a lot of this hardship and
	...

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