
Many borrowers choose to forbear on their payments due to their personal circumstance. 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 https://on.wsj.com/32oRbGm
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