Covid-19 and Mortgage Forbearance
During the current Covid-19 pandemic, "shelter in place" orders have been issued, across the US. Businesses that have been deemed "non-essential" have been closed thus making their owners and employees unemployed. In difficult financial times, homeowners are wise to explore options to keep their house and seek help in delaying payments to their lenders. While it may be necessary in some cases, just know there are terms of a delayed payment, or mortgage forbearance, that are NOT well known. Today video blog post talks about details of a mortgage forbearnace, drawbacks, and possible alternative solutions.