Joe Biden just gave homeowners an even longer break from mortgage payments

Doug Whiteman | Yahoo Finance | Feb 16th, 2021
Category: Financial News

President Joe Biden has extended the government's lifelines that have helped homeowners keep their homes during the COVID financial crisis.

Many mortgage holders have been only too eager to put their payments on hold, as allowed under the relief law from last March that also brought you your very first stimulus check.

That mortgage forbearance — as it's formally known — was due to run out, but when he took office last month Biden extended the relief for an additional three months. On Tuesday, he tacked on three more months, allowing homeowners who signed up last year to keep their payments paused for as long as 18 months.

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