COVID-19 Update

Yes. Although we have put safety measures in place to ensure the safety and well being of our staff, borrowers and partners; Jet Direct Mortgage is still open for business, with our staff operating remotely at full strength, and serving the community.

No. Thanks to measures put in place some time ago, our cloud-based operational infrastructure is largely unaffected by our team operating remotely.

Make your April payment if you are able to do so. This will help you maintain a strong credit profile and protect your home equity. Making your April payment will also potentially help you save money in the future.

Remember; Jet Direct Mortgage allows up to 15 days for mortgage payments to be made before late fees are due. This means that your payment for the month of June can be made as late June 15^th before late fees will

Forbearance temporarily postpones mortgage payments until a later date. This allows clients to remain in their home as they adjust to short-term financial difficulties.

We feel it is always in our client’s best interests to remain current on their mortgage payments. Forbearance should not be considered until there are no other rational options.

Jet Direct Mortgage is committed to helping clients achieve not only their short-term financial needs, but their long term needs as well. Methods that could potentially upset a client’s future finances are always a last resort.

If all other options have been exhausted, we will allow up to a 3-month forbearance on mortgage payments. All deferred payments will be due after the forbearance period.

Forbearance is a temporary suspension of your mortgage payments, allowing you to remain in your home while working through your short-term financial challenges. We will suspend your payments for up to 3 months. At the conclusion of the forbearance period, all of your deferred payments will be due.

• Temporary suspension of your payments gives you time to improve your financial situation.
• Forbearance doesn’t negatively impact your credit score.
• Allows you to stay in your home and avoid foreclosure.

When forbearance is over, the loan needs to be brought up to date. One of the following must occur or the loan will default:

• • Pay the deferred payments in full.
  • Request and receive approval for an extension of the forbearance.
  • Request and receive approval for a repayment plan.
  • Apply for a loan modification.

Forbearance doesn’t mean your mortgage debt is forgiven or reduced. Deferred payments are still debt that you must repay.

Refinancing your current mortgage is a popular alternative to forbearance. If you are concerned about making future mortgage payments, refinancing may be a good option for you.

Streamline refinances are available to eligible borrowers who currently have an FHA or a VA loan. Streamline refinances allow borrowers to quickly and easily lock in lower rates and payments with significantly less paperwork.

Other benefits include:

• No appraisal
• No additional lender fees
• No minimum credit score

No. This rate only exists between banks.  The 0% interest rate does not refer to the interest rate that a borrower can receive.

Each loan situation will be addressed individually. Should your loan be delayed for any reason, you will hear from your loan officer.

The health and safety of our clients, employees, and partners is among top priorities of Jet Direct Mortgage. However, it is required by law to have a licensed notary present during the closing a loan. Although this is not ideal while the Coronavirus pandemic is taking place, we encourage everyone to take any precautions necessary to keep themselves and other safe and healthy.

We are seeing a rapid change in guidelines regarding the Coronavirus pandemic. Contact your loan officer to see what your options are if an appraisal is required.

At this time, we do not anticipate any issues providing our services. Our staff may be working remotely, but Jet Direct Mortgage is fully operational. We are monitoring the Coronavirus pandemic closely and will continue to update our borrowers and partners as new information develops.

No. Jet Direct Mortgage will never ask for sensitive information such as passwords under any circumstance. Scammers tend to take advantage of folks during times of crisis; such as the Coronavirus pandemic that is happening now. If you would like to verify if an email came from us, or if you are concerned that your information has been compromised, please contact us at 1.800.700.4JET.

If you already have a loan with us, or if you are in the process of obtaining a loan with us, you can reach out to your loan officer if you have any questions regarding your loan. If you are having trouble contacting your loan officer, you can call the main officer at 1.800.700.4JET and we will advise form there.

• Jet Direct Mortgage has temporarily suspended foreclosures of occupied residential properties and all evictions in adherence to governmental guidelines.
• We are constantly monitoring guidelines provided by the Center for Disease Control and the World health Organization. We will continue to update our borrowers and partners as new information develops.
• We have required that our staff members work from home until further notice in an effort to mitigate the potential spread of the Coronavirus.
• For information on keeping yourself and your loved ones safe, please visit the CDC website.