MY LOAN IS IN FORBEARANCE, CAN I REFINANCE TO GET A LOWER RATE?

 

In order to refinance, you will have to bring your loan current.  We recently had a client who chose the government’s option to forebear his mortgage payments.  He did not pay his mortgage for a couple months.  When he contacted us to refinance, the lender would not approve the loan until he brought his mortgage up-to-date.  Once the loan was paid current, the lender approved the refinance.

So, yes, you can refinance a loan in forbearance.  You’ll just have to bring the balance current.

 Contact us if you are looking to refinance your loan in forbearance.

We offer a variety of products and services, ask us how we can assist you today:

Counsel Mortgage Group®, LLC

www.counselmortgage.com

480-502-1000

NMLS #178927

AZ MB #0909580

CA DBO #60DBO43873

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