Mortgage Forbearance: A Helpful Option for Homeowners Facing Challenges

 
 

Let’s face it – life can throw some curveballs. Whether it’s a job loss, unexpected bills, or a natural disaster, financial struggles can happen to anyone. But here’s the good news. If you’re a homeowner feeling the squeeze, there’s a lifeline that many people don’t realize is still available: mortgage forbearance.

What Is Mortgage Forbearance?

As Bankrate explains:

“Mortgage forbearance is an option that allows borrowers to pause or lower their mortgage payments while dealing with a short-term crisis, such as a job loss, illness or other financial setback . . . When you can’t afford to pay your mortgage, forbearance gives you a chance to sort out your finances and get back on track.”

A common misconception is that forbearance was only accessible during the COVID-19 pandemic. While it did play a significant role in helping homeowners through that crisis, what many people don’t know is that forbearance is still a tool to support borrowers in times of need. Today, it remains a vital option to help homeowners in certain circumstances avoid delinquency and, ultimately, foreclosure.

The Current State of Mortgage Forbearance

Forbearance continues to serve as a valuable safety net for homeowners facing temporary financial challenges. While the overall rate of forbearance has seen a slight increase recently, it’s important to understand what’s driving this change and how it fits into the broader picture.

According to Marina Walsh, VP of Industry Analysis at the Mortgage Bankers Association (MBA):

“The overall mortgage forbearance rate increased three basis points in November and has now risen for six consecutive months.”

While the share of mortgages in forbearance has significantly declined since its peak in mid-2020, there has been a slight but notable increase in recent months. This uptick is largely tied to the effects of two recent hurricanes - Helene and Milton.

Natural disasters like these often create temporary financial hardships for homeowners, making forbearance a crucial safety net during recovery. In fact, 46% of borrowers in forbearance today cite natural disasters as the reason for their financial struggles.

Even with the most recent uptick, the share of mortgages in forbearance is nowhere near pandemic levels, and, thankfully, reflects a very small portion of homeowners overall.

Why Forbearance Matters

Forbearance can help borrowers avoid the spiral of missed payments and foreclosure. It provides breathing room to address challenges and plan next steps. And while most homeowners today are not in a position to need forbearance, thanks to strong equity and foundations of the current housing market, it is an option for the few who do need it.

If you or a homeowner you know is facing financial difficulties, the first step is to contact your mortgage lender. They can walk you through the forbearance process and help you understand your options. Keep in mind that forbearance is not automatic — you need to apply and discuss the terms with your lender.

Bottom Line

In tough times, knowing your options can bring peace of mind. Forbearance isn’t just a financial tool — it’s a lifeline. And while the recent increase in forbearance rates might make headlines that give you pause, the truth is this option is working exactly as it should: helping those who need it most get through difficult moments without losing their homes.

Read more at Keeping Current Matters

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As Featured in West + Main Home Magazine: Vintage Vibe to Inspired Design

 

West + Main agent Jessie Matteson

We fell in love with the vision of what the space could be
— Jessie Matteson

When West + Main Agent Jessie Matteson and her family bought their off-market home two years ago, they saw potential where others might have seen only orange shag carpeting, outdated windows, and mechanicals begging for an upgrade. But instead of being overwhelmed, Jesse and her family dove headfirst into what would become a major labor of love.

“We fell in love with the vision of what the space could be,”

says Jesse, who didn't shy away from doing much of the work herself. In fact, the family tackled the entire demo by hand. With the help of her handy father-in-law and dad, the Mattesons opened up the main level, knocking down walls to create a kitchen and dining area perfect for entertaining.

“We wanted a space that felt warm and inviting,” Jessie explains. “We went big with the kitchen island to make it a spot for friends and family to gather. It’s the main hangout spot in our home, so we made sure it was both pretty and practical.” The kitchen, with its massive island, quickly became the heart of the house. “We spend a lot of time around that island, whether it's hosting, working from home, or just living life.”

One of Jessie’s favorite features is the flooring, which was lovingly laid by her husband. “It adds such a cozy feel to the whole house,” she says, reflecting on the warmth and comfort it brings to the space.

The remodel also boasts a custom railing, adding a playful transition from the kitchen to the lower-level living room. And though the basement still awaits its full makeover, Jessie says, “The main floor is mostly finished, and it feels so good to see our hard work finally pay off.”

Remarkably, the family didn’t work with an architect or designer for the project. Instead, inspiration came from nearby neighbors who had tackled similar renovations.

“Once we saw that what we were thinking was possible, I started designing the kitchen layout myself,” Jessie explains.

As foster parents, they wanted flexible, cozy spaces that could evolve with each child. “We used furniture that was my grandmother’s and some refinished pieces my mom redid. A mix of new and old makes a space feel cozy and lived in.”

Renovations, of course, come with their share of challenges. But for Jessie, the highlight was working alongside her dad and father-in-law. “It’s the third home renovation we’ve done, and I love the extra time I get to spend with them. There’s a lot of problem-solving and brainstorming – it’s always fun, though sometimes stressful!”

As for advice for others thinking of doing their own remodel? “Things won’t always go as planned, and that’s okay. For design, don’t overthink it. Often, the first thing that catches your eye is what you’ll come back to. And know your limits—it’s important to hire out when you need to.”

For Jessie, the remodel has been more than just an aesthetic transformation. “This house has been a real labor of love,” she says. And with the warmth and care woven into every detail, it’s easy to see why.

 

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What’s Motivating More Buyers To Choose a Newly Built Home?

 
 

Planning to buy a home soon? Why not go for something brand-new? Because data shows a lot more buyers are seeing the appeal of new home construction these days – and you may find out it’s what you want too.

The National Association of Realtors (NAR), explains that newly built homes accounted for 15% of all homes sold last year. That’s a significant increase, and is actually the highest percentage in 17 years.

To get a closer look at why so many people are opting for a brand-new home, NAR surveyed recent buyers. And here are the top reasons why new builds gained so much popularity:

Avoiding Renovations or Problems with Plumbing or Electricity

According to buyers, the number one benefit is the peace of mind that comes with getting brand-new everything. Because let’s face it, buying a home right now is pricey. And with inflation also putting a pinch on your wallet, you want to do everything you can to cut down on any additional costs. Enter new builds.

A home that was just built is less likely to have unexpected repairs, and that means less maintenance you’ll need to budget for upfront. Plus, since many builders include warranties on their homes, that’s an added layer of protection for your wallet on some of the home’s major systems.

Ability To Choose and Customize Design Features

You may also get the chance to personalize parts of the build to your unique tastes. That can be as small as which knobs go on the cabinets and which light fixture goes in the dining room to as big as floor plans and siding color. So, if you’re not finding a home you like, it may be time to build one.

The Amenities of New Home Construction Communities

Many new developments also offer amenities like parks, pools, fitness centers, and community spaces. These features could help you feel more connected to your neighborhood and can be a great perk for your lifestyle.

Lack of Inventory of Previously Owned Homes

Since the supply of existing homes (homes that were previously lived in) is still lower than the norm, more people are asking their agents if they can see what builders have available – and builders aren’t disappointing. Right now, new builds make up a larger portion of the homes available for sale than the norm. So, checking out these homes can really open up your pool of options. And don’t worry – builders are not overbuilding. They’re just catching up after years of underbuilding.

Energy Efficiency

Not to mention, newly built homes usually have the latest energy-efficient materials and technologies. This not only feels good, but can also lead to lower utility bills and a reduced environmental footprint. In a U.S. News Real Estate interview with Kevin Morrow, Senior Program Manager at the National Association of Home Builders (NAHB), this topic came up:

“The more energy-efficient mechanics of the house also help reduce utility bills for new home buyers . . . Newly-constructed homes often include green systems and appliances—like high efficiency stoves, refrigerators, washing machines, water heaters, furnaces, or air conditioning units—that homes built years ago might not.”

Smart Home Features

And last on this list is the integration of smart technologies. Tech-savvy buyers often want the latest and greatest advancements – and new home construction usually delivers.

The Importance of Using Your Own Agent

Newly built homes are becoming a top pick for buyers these days, and it’s easy to see why. If you’re feeling motivated to see what’s out there, just remember you need to have your own real estate agent.

Builder contracts often have some complex terms and complicated fine print. If you bring your own agent, you’ll have someone to advocate for you, make sure you’re getting quality construction, and guide you through the process from start to finish. 

Bottom Line

Imagine skipping the hassle of renovations and having the freedom to pick out the exact design features you want. If this sounds good to you, connect with a local agent to make sure you’ve got an expert on your side to help you negotiate with the builder so you can buy a new home with confidence.

Read more at Keeping Current Matters

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8 Easy Decor Updates That Will Invite Positive Energy to Your Home This Year

 
 

Now that it's officially 2025, it’s the perfect time to turn your home into a space you truly love.

It's a fresh start after all! While this might sound intimidating, there’s no need for a full-scale renovation or a total redesign. Small, simple changes can truly make a major difference. Here are eight easy decor updates to welcome positive vibes into your home for the new year.

Clear the Clutter

Designer Amber Guyton of Blessed Little Bungalow says that simply decluttering your home can make a big difference. It not only makes the space feel less stressful, but it’s also the best way to evaluate if you want to make bigger changes. “It's usually difficult for homeowners to refresh a space because they can't see past what's taking up all of it,” explains Guyton. “Remove unnecessary items so you can truly see the blank canvas in front of you and better imagine updates that can be made to enhance the space." This may equal a new area rug or wall paint, or even something as simple as new lampshades and throw pillows.

Not sure where to begin? Interior designer Becky Shea suggests starting by putting away those holiday decorations. “For me, as soon as the holiday season comes to an end, I immediately put away all the decorations and give the house a thorough tidy-up,” she says.

Bring in Plants

Bringing more nature into your home can bring about positive energy. Designer Shauna Jones of Shauna Glenn Design is a huge fan of doing this. “You'll see them all over my house, and I'm lucky, because my husband is an awesome plant parent," she says. "There really is just something about being surrounded by nature that brings a calming energy to a space.”

Not a good plant parent? It’s okay. The designer suggests the “fake it until you make it” approach. “If you are not the best plant parent, there are great fake plant options, but perhaps this is the year your green thumb finds its calling,” she says.

And if you simply aren't a plant person, bringing in flowers can have the same impact. “It's a simple yet transformative way to breathe new life into a space, creating an atmosphere of renewal and tranquility," explains Shea. "Fresh flowers not only brighten up a room visually but also infuse it with vibrant, positive energy."

Install Dimmer Switches

When it comes to creating a calm environment, being able to customize light can make a major impact, according to Teresa Mack Noval of A Design Company. “Dimmable lighting is a must for adjusting the mood throughout the day, and a sound system can amplify soothing music or calming nature sounds to transform the atmosphere," she says.

If you rent or can't install dimmer switches in your home, consider buying lamps with dimmers as an alternative. 

Edit Your Bookshelves

Even if you don't have a budget to buy new things for your home, you can always edit and re-style your bookshelves. “Thoughtfully styled shelves can act as a visual centerpiece in a room, showcasing your home's aesthetic and your own personal style," says Ashley Macuga of Collected Interiors. "But without being carefully curated, they can also feel messy and overwhelming to look at."

She recommends starting with a clean slate by removing all of your existing items, then editing out books and objects that no longer bring you joy.

Update Your Picture Frames

We all take so many photos and post them online, but we should really be incorporating them into our real lives instead. So, consider reliving those moments by printing those photos and updating your picture frames. “Freshen up picture frames with up-to-date photos, and then rearrange for a new fresh perspective and a visual clean slate,” says Macuga.

Swap Out Your Hardware

Changing out hardware is an easy, affordable DIY that can instantly update everything from a kitchen to a bathroom or even a piece of furniture like an old desk or dresser. “A pop of color or an interesting shape can instantly bring new energy and personality to a space, whether it's on cabinet hardware or drawer handles," says Kyle Kurtenbac, owner of ROUS Hardware. “Best of all, it's a DIY-friendly update that doesn't require a lot of tools or time—just a few simple swaps can make a significant impact.”

Buy a New Doormat

It's the first thing you see when you enter your home, and if your doormat is looking less than welcoming, it's a quick and easy replacement. So, feel free to treat yourself and make your home a happier place.

Treat Yourself to New Curtains

New year, new curtains. We are so here for it. Curtains are a fantastic way to add color and texture to any space. So, feel free to experiment and change yours up. Another thing to consider is how sheer or opaque you want your curtains to let more or less light in. 

Read more at Real Simple

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The Future of Real Estate Investing: Why Turnkey Properties are Shaping New Paths to Wealth

 
 

Real estate investing has traditionally been a hands-on, high-commitment endeavor that requires extensive knowledge, time, and effort to yield profitable returns. But the landscape is changing, and turnkey properties are emerging as game-changers.  

For new investors and seasoned veterans, turnkey real estate investing offers a compelling way to enter the market with minimal day-to-day management while seeing consistent returns. In the investment world, turnkey solutions are reshaping paths to wealth with greater accessibility, predictability, and efficiency. 

Why Turnkey Properties? 

Turnkey real estate investing refers to purchasing properties that are fully renovated, rented out, and managed by a professional company, allowing investors to generate income without taking on the operational tasks typically involved in property management. In his book Turnkey Revolution, real estate expert and REINation CEO Chris Clothier explains, "Turnkey properties take the headaches out of investing by providing you with a hands-off way to build wealth through real estate." This type of investing opens doors for those who want to diversify their portfolios or secure a steady income stream without diving into the complexities of property management. 

The turnkey model fits well in today’s market, where individuals often juggle multiple responsibilities and lack the time or expertise to manage properties independently. This approach provides entry-level investors with a lower-risk way to get involved in real estate while offering seasoned investors an opportunity to grow their portfolios more efficiently. For both groups, turnkey properties are a powerful tool for building wealth in real estate without the usual barriers. 

The Attraction of Ease and Accessibility 

One of the primary reasons investors are increasingly turning to turnkey properties is the ease of entry. Unlike traditional real estate investing, which requires extensive research, property renovations, resident screening, and ongoing maintenance, turnkey properties are ready to generate income from day one. The turnkey company handles all the logistics, from finding the property to maintaining it and ensuring residents’ needs are met. This structure offers an attractive option for individuals with full-time careers or other commitments. 

By outsourcing the management to experienced professionals, investors can achieve “passive income” more reliably. For those new to the market, turnkey properties provide an accessible way to experience real estate investing without becoming overwhelmed by the complexities. Chris Clothier mentions in Turnkey Revolution, “Investors want a hands-off solution. They want to know they’re putting their money into something stable and productive without getting caught up in the minutiae of managing residents and repairs.” This simplified approach makes it possible for anyone to start building a real estate portfolio, regardless of their schedule or experience. 

Streamlined Management for Consistent Returns 

In the traditional real estate model, investors must balance property maintenance, resident management, and financial tracking—a time-intensive, ongoing responsibility. Turnkey properties remove this barrier by providing streamlined, professional management services. Investors gain peace of mind knowing that experienced property managers are handling day-to-day tasks, including resident communication, repairs, rent collection, and legal compliance. This model is especially advantageous for those investing in properties far from where they live, as the turnkey company oversees the property on their behalf. 

Consistent returns are another major draw. Since turnkey properties are already rented and generating income, investors can avoid the uncertainties associated with vacant properties or unforeseen renovation costs. For those looking to earn income immediately, turnkey properties offer the opportunity to do so while minimizing the risks often associated with real estate. The consistent income potential makes turnkey investments attractive to those focused on building a reliable revenue stream for long-term financial goals. 

Diversifying in a Fast-Paced Market 

Turnkey investing enables investors to diversify their portfolios across different regions and property types. Traditionally, managing properties spread across various locations could be logistically challenging. However, turnkey providers operate in multiple regions and offer investors access to a broader array of markets without requiring them to relocate or build new networks in each area. This flexibility allows investors to target high-growth areas or markets with strong rental demand, even if they reside elsewhere. 

For example, an investor living in a high-cost city like San Francisco or New York could invest in properties in markets with lower property costs and higher rental demand, such as the Midwest or Southeast. This strategic diversification not only provides a buffer against local market downturns but also increases the potential for capital appreciation over time. As the real estate market continues to evolve, turnkey properties serve as an efficient way to diversify portfolios and mitigate risk. 

A Pathway to Passive Income 

The allure of passive income has always drawn people to real estate. However, the reality of traditional property ownership can sometimes be far from passive, requiring time, energy, and hands-on involvement. Turnkey properties, by design, align with the passive income model, allowing investors to benefit from monthly rental income without taking on the day-to-day responsibilities. This is particularly valuable in today’s economy, where the need for multiple income streams is increasingly common. 

For those nearing retirement or seeking to balance work with other life goals, turnkey properties provide a straightforward path to passive income. With the property managed and maintained professionally, investors are free to focus on other pursuits, confident that their investment is being optimized. 

Rising Demand and Competitive Advantage 

As more investors recognize the benefits of turnkey real estate, demand for these properties is growing. In a competitive market, this demand has led to increased availability of high-quality turnkey properties, as companies strive to offer attractive options to meet investor needs. Real estate companies specializing in turnkey solutions are refining their offerings, including better property selection, comprehensive maintenance packages, and even options to customize property management approaches to suit investor preferences. 

In Turnkey Revolution, Chris Clothier highlights how turnkey investing is a forward-thinking solution for investors who seek both simplicity and stability: "It’s about finding a system that works for you and delivers the kind of returns you’re looking for without becoming a full-time job.” Clothier’s insights capture the appeal of turnkey investing in an era where convenience and efficiency are prized. 

Looking Forward: How Turnkey Properties Shape Future Real Estate Investing 

The shift toward turnkey properties is likely to continue as investors increasingly value convenience, risk reduction, and passive income. As technology advances and property management tools become more sophisticated, turnkey companies can provide even more transparent, efficient services, improving communication and performance tracking for investors. This trend aligns with a larger shift in real estate toward digital solutions and hands-off investment models that prioritize ease and security. 

As the demographic of investors broadens, with younger people seeking alternative investments beyond traditional stocks and bonds, turnkey properties offer an accessible, manageable way to enter the market. Whether individuals are looking to diversify their portfolios, generate passive income, or create long-term wealth, turnkey properties present a viable and appealing option. 

Time is limited, and financial security is increasingly sought after, turnkey real estate is paving the way for a new generation of investors. By removing barriers and offering streamlined, efficient management, turnkey properties allow anyone to step into the real estate market with confidence and a clearer path to wealth. With experts like Chris Clothier leading the way and demonstrating the power of turnkey investing, the future of real estate may indeed lie in its simplicity and accessibility. 

**Investing involves risk, and your investment may lose value. Past performance gives no indication of future results. These statements do not constitute and cannot replace investment advice. 

Read more at USA Today

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