They got a clever name and it seems to work. You have probably been reading everywhere online about this particular "help" benefit for those of you who qualify.

Maybe a mortgage pause is better for you?

Before I let you read this information, if you have a current mortgage, you may be doing well to call your mortgage holder and let them know you may have problems making your mortgage payments.

While Paris and I don't qualify for any of the "help" that the 2 Trillion Dollars approved, we can at least see if our mortgage companies will allow us to miss a few payments. That will be helpful and I'll let you know in a future Santa Clarita home expert article how it went.

Of course, the mortgage pause is not free money. Just inquire as to how it gets paid back or if the mortgage just continues at the date agreed upon. The mortgage whereby being extended by the same amount in the future after the payments resume.

For example, if your mortgage company agrees on allowing you to have your payments placed on hold for the next 6 months, they will also set up some type of re-payment strategy.

The best would be for them to allow the entire loan time frame to be extended by 6 months. 

Another possible scenario is to have the mortgage holder set up some sort of "escrow account" with a negative balance showing what you will owe after 6 months. Then some type of arrangement will be set up to satisfy that escrow account at some point in the future. Maybe they will build into this "deal" a Mandatory Refinance? Just make sure you get what the terms they agree to are in writing before signing or agreeing to anything.

I'm Connor with the Santa Clarita home experts. I'll be here for you when you are ready to have your real estate won.

Tune in on Mondays when I break free and make the Santa Clarita home experts real estate radio show hosted at all of the big podcasting networks online and within the app systems. 


As we're all dealing with the effects of COVID-19 on our lives, we want to share encouraging news: the government has 

approved the $2 trillion Coronavirus Aid, Relief and Economic Security (CARES) Act which will help millions of people in this critical time. Perhaps even you.


This sweeping legislation is unprecedented in the history of our nation and provides significant economic assistance to address the impact of the COVID-19. 

The CARES Act is over 800 pages long, but here are some of the economic provisions most relevant for you.
What this means for you 

and your loved ones

If you're eligible for a cash payment 


Most individuals earning less than $75,000 can expect a one-time cash payment of $1,200. Married couples would each receive a check and families would get $500 per child. That means a family of four earning less than $150,000 can expect $3,400.


If you or someone you know has a lost a job



States will still continue to pay unemployment to people who qualify. This bill adds $600 per week from the federal government on top of whatever base amount a worker receives from the state. That boosted payment will last for four months. 


If you're a small business owner



The bill provides $10 billion for grants of up to $10,000 to provide emergency funds for small businesses to cover immediate operating costs.


There is $350 billion allocated for the Small Business Administration to provide loans of up to $10 million per business. Any portion of that loan used to maintain payroll, keep workers on the books, or pay for rent, mortgage, and existing debt could be forgiven, provided workers stay employed through the end of June.


If you're a freelancer or independent contractor


Typically, self-employed people, freelancers, and contractors can't apply for unemployment. This bill creates a new, temporary Pandemic Unemployment Assistance program representing $600 per week through the end of the year helping people who lose work as a direct result of the public health emergency.


If you would like to learn more about all the contents in the CARES Act, please see this article.



Please do not hesitate to reach out should you have any questions, or if you would like to chat.



Stay safe and healthy.

When you are ready I'll be here for you. I have been representing home buyers and sellers since 1998. The fact of the matter is that I am one of those who had another life and career before I became a Realtor. I was an LAPD cop.

I have had comments from my clients that I'm different than the typical real estate sales people! I am serious about my craft. I am a professional salesman. I represent home buyers in the buying of real estate and I sell my seller's homes.

I'm here for you when you are ready. Be well and please be safe out there.