Coronavirus
Coronavirus
Out of context: Reply #1293
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- utopian2
Coronavirus: Homeowners can delay mortgage payments up to 12 months
Who qualifies?You don’t have to have the virus to qualify for payment relief, both agencies said. The relief also applies to any type of property: your primary home, second home, or investment properties.Fannie and Freddie can reevaluate the borrower’s ability to pay during the forbearance period to make sure the plan is still needed. After the forbearance period, Fannie and Freddie told servicers to work out an affordable repayment plan with the borrower, which could include extending the term of the loan.
But it’s the homeowner’s responsibility to contact their mortgage servicer if they are struggling financially.
- the payment holidays (3 months) seem to be at lenders discretion over here as far as I can tell. Bold statements made at briefings. Spent 3 hours on hold lastfadein11
- week just to be randomly cut off a few times. Sounds positive though.fadein11
- not that it's my major concern right now, I just won't pay the c*nts if I can'tfadein11