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Apr 1, 2020
4:32
:09
pm
4mack
All-American
Depends on the lender
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4mack
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4mack
Joined
Nov 17, 2010
Last login
Jun 5, 2024
Total posts
8,943 (218 FO)
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Messages
Author
Time
Does anyone know how this mortgage forbearance works? If your mortgage payment
ray ray
4/1/20 4:11pm
Not an expert, but from what I've seen forbearance just allows you a reprieve
braddahmike
4/1/20 4:23pm
My understanding: if your payoff date was October 2040, it will now be November 2040. Interest may or may not be added
John Doe
4/1/20 4:26pm
Depends on the lender
4mack
4/1/20 4:32pm
Forbearance = total due after 90 days, or
Plato
4/1/20 5:43pm
So if it is deferrment, no interest is charged during the deferred period?
ray ray
4/1/20 6:48pm
Correct. This is how my bank defines it:
Plato
4/1/20 6:57pm
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