Many borrowers continue to choose to forbear on their payments during the pandemic. With that said, they cannot qualify for a new loan until they bring their payments up-to-date.

When signing for the new loan, most lenders are requiring borrowers to sign a form stating that they will not forbear on the new loan.  The borrowers who have  chosen to forbear on payments may have difficulties moving forward.

Click link to Wall Street Journal for information

We offer a variety of products and services, ask us how we can assist you today:
Counsel Mortgage Group®, LLC
NMLS #178927
AZ MB #0909580
CA DBO #60DBO43873

Copyright © 2020 Counsel Mortgage Group®, LLC.