What to Do If You Chose Forbearance?
Offered in the $2.2 trillion stimulus bill or CARES Act that Congress passed in March, forbearance had some unintended consequences for borrowers.
Your Guide to Understanding Mortgage Relief Options
When it comes to mortgage relief, it is important to know the different mortgage relief options in order to pursue the route that is best for you!
What is Forbearance?
Forbearance is when a lender agrees to let a borrower postpone payments until a later date. The payments are not eliminated.
Should You Consider Forbearance?
The coronavirus has thrown us all a curveball, and we know many homeowners are worried about how they will make their mortgage payments. Many mortgage providers have offered to suspend monthly mortgage payments. While saving hundreds or thousands a month may sound like a win, there’s more to consider.
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