Found 1 blog entry tagged as mortgage forbearance.

It’s the beginning of the month and almost all of us are paying our rent or mortgages in the coming days.  Many are facing drastic income loss.  Fortunately, many lenders are offering some relief to homeowners.   Some offer postponing up to 6 months of no payments with no credit impact.  Some are tacking the missed payments to the end of the loan while others are requiring repayment by a certain deadline, which may not offer enough relief.  Be sure you get everything in writing before taking them up on their offer.  Call me with any questions and let’s crunch the numbers together.  For those of you who rent, be sure to speak to your landlord as soon as possible.  They may be receiving relief on their loan, which might be passed on to their tenants?    A…

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