Homeownership Seminar Registration
The County of Lake, in partnership with Redwood Credit Union, will be hosting two mortgage webinars on Wednesday, June 15th.
The first webinar will focus on purchase readiness for first time homebuyers and current homeowners wanting to purchase a vacation home or rental property. The second webinar is focused on existing homeowners wanting to learn more about refinance options, second mortgage, ADU financing and construction loans.
Home Purchase Readiness
For first time homebuyers or homeowners looking to purchase a second property.
Time: 11:30am – 12:15pm
Your Mortgage Options for Current Homeowners
Learn about second mortgages, refinance options, accessory dwelling unit (ADU) financing, and construction loans.
Time: 12:30pm- 1:45pm
Complete the form below to register.
PPP Forgiveness Application Deadline
Congress passed The Economic Aid Act which changed the deferment period from 6 months post covered period to 10 months post covered period. For example, if your covered period ended June 30, 2021, under the new guidelines the earliest your first loan payment wouldn’t be due until April 2022, and you have until then to request forgiveness. Please use the following calculation to help you identify when your forgiveness will be due:
- PPP borrowers may select a covered period anywhere from 8 weeks to 24 weeks.
- RCU is automatically calculating your loan due date based on a 24-week covered period, if you intend on using a shorter covered period please inform us immediately as this will impact your due date.
- Your correct deadline will be reflected in your online banking account.
If all or part of your PPP loan is not forgiven, your first loan payment will be due the first of the following month after a decision is made by the SBA.
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