What do you do when you move away in process of buying a home during a worldwide pandemic, finding yourself in a hotel which you can't leave? Benchmark never quits.
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Category: SARS-CoV-2
Fannie Mae and Freddie Mac Define COVID-19 Forbearance Repayment Options
We previously talked about Forbearance as an option for anyone negatively impacted because of COVID-19. Forbearance is one of the most common options for those who cannot make their mortgage payments on time. Typically, once a loan is out of the agreed timeframe of forbearance, the borrower is expected to pay a “balloon payment,” or …
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