Tag: <span>#forbear</span>

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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...

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MAKE YOUR MORTGAGE PAYMENT, IF YOU CAN Pt. II

Make your mortgage payment, if you can…  We recently posted about mortgage payment forbearance and why it’s best to continue making payments if you can. There may be consequences; mortgage lates. “Mortgage Hangover” is another reason why you should make your mortgage payment. See this article posted on Bloomberg.com.   Fannie-Freddie Forbearance Rule Sows Fears of...

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MAKE YOUR MORTGAGE PAYMENT, IF YOU CAN

If you have the ability to make a mortgage payment today, do it. Many people are taking advantage of the government’s forbearance program and choosing to delay their payments. You will ultimately have to make these payments, whether they are due at the end of the forbearance period or paid over time. However, what is...