Pandemic Forbearance Explained — Rent the Mortgage

What is Traditional Mortgage Forbearance

What is the CARES Act Mortgage Forbearance

Summary of Traditional versus CARES Forbearance

What loans are covered under the CARES Act

Does forbearance hurt your credit score

Can I refinance if my mortgage is in forbearance

Ask for a Mortgage Loan Modification instead

How long can you use forbearance

What happens after forbearance ends

Quick Summary

  • pay back the suspended balance as a lump sum payment at end of forbearance period
  • append the suspended balance at the end of the loan as either additional monthly payments or a lump sum payment
  • ask lender for mortgage loan modification to change terms of the loan
  • Financial dashboard? Personal Capital provides an easy dashboard to view all financial accounts in one place. Get a free $20 Amazon Gift Card if you click this LINK and connect an account within 30-days.
  • Student loan debt? Check out ELFI for student loan refinancing. Each referred customer will receive a $100 principal reduction on the new loan so be sure to click this LINK to receive yours.
  • Want to start a blog? RTM is hosted on Bluehost. Use this LINK to get a FREE domain name for 1-Year. | Financial Independence, Retire Early through real estate.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

COVID-19 Vaccines: My Message To Vegans

Breaking down COVID-19 tests: what’s out there and what’s the difference?

Harnessing the Power of Genomic Sequencing for California Public Health

COVID-19 Myths and Facts

More Evidence School Closures Are Less Effective Than Social Distancing at Battling Coronavirus

America’s Nightmare Covid Scenario is Coming True — All Over Again

CDC Expected vs Excess Deaths — “Dry Tinder” Hypothesis Estimates for Maryland, Pennsylvania, and…

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Charlie Evans

Charlie Evans | Financial Independence, Retire Early through real estate.

More from Medium

Elon Musk Tesla Bitcoin Revolution — Review

Should…we…build..for the rich? EEK

How to Spy on Your Competitors And Stay Ahead of The Competitive Advantage Game?

Road trips