Bonus: Financial Relief for Struggling Homeowners and Renters

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

Om Podcasten

*** Named a Best Podcast By The New York Times, Time Magazine, Real Simple and MSNBC *** Host Farnoosh Torabi is an award-winning financial strategist, TV host and bestselling author. Her newest book is entitled A Healthy State of Panic. With over 30 million downloads, So Money is dedicated to sharing inspiring money strategies and stories straight from today's financial leaders, bestselling authors and entrepreneurs. One day, hear an intimate money conversation with industry greats like Queen Latifah, Barbara Corcoran or Margaret Cho. Another day learn the basics of cryptocurrency and its impact on our wallets. On Fridays, tune in as Farnoosh answers our most pressing financial questions about saving, investing and building wealth. Advice and insights always delivered through a lens of equity, inclusivity and the changing world we live in.