Can't pay rent or mortgage? What you should know.

Posted at 9:07 PM, Mar 31, 2020
and last updated 2020-03-31 23:06:06-04

CAPE CORAL, FLA — At Easy Mortgage in Cape Coral, phones are ringing off the hook with questions many of you at home have tonight.

"We have been getting a lot of call because of the situation right now," said owner Pamela Fajardo.

One of the biggest questions is this:

What do I do if I can't afford tomorrow's rent or mortgage payment?

Fox 4 sat down with the Fajardo to get some answers.

Here's her first piece of advice to those who are worried:

"Be calm. Because this is not only them, it's happening nationwide, worldwide. A lot of people are in the same situation. They're not by themselves," she said.

For renters, her next piece of advice is to talk to your landlord and see if you can work something out.

You can also take heart in the fact that the federal government has halted evictions and foreclosures on their properties, and the state supreme court has postponed evictions until after April 17.

"A lot of people have lost their jobs," said Fajardo.

If you're worried about your mortgage payment, she recommends calling your bank.

Some have created programs to help you, but you will likely have to prove that you're going through a hardship first.

"Some of the banks, they're offering deferred payments for up 120 days on some of the loans," said Fajardo.

As far as what happens after April 17, it's anyone's guess at this point.

Many are hoping that evictions will either be postponed again, or that the governor will step in to help.