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.
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RenttheMortgage.com | Financial Independence, Retire Early through real estate.

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Charlie Evans

Charlie Evans

RenttheMortgage.com | Financial Independence, Retire Early through real estate.

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