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Apr 2, 2020
9:12
:53
am
delux_247
All-American
If the authors of the stimulus were really thinking they would have provided
for federal funds to cover all mortgage interest while mandating that payments are allowed to be deferred. Borrowers are given relief and lenders revenue is covered.
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delux_247
Bio page
delux_247
Joined
Feb 21, 2008
Last login
May 24, 2024
Total posts
10,399 (271 FO)
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Messages
Author
Time
Financial help during COVID19: If you or anyone you know has been significantly
cucciolo25
4/2/20 9:08am
If the authors of the stimulus were really thinking they would have provided
delux_247
4/2/20 9:12am
Have you vetted this link? Do they charge you?
Dr MoBYU
4/2/20 9:14am
They do not charge you. It is just a simple letter generator that they created
cucciolo25
4/2/20 9:29am
"without penalties or fees" to you. Of course the financial mess
Cougarclaw
4/2/20 9:18am
New mortgage originations will bear the brunt of this.
Pimpin4Paradise
4/2/20 9:20am
Not to mention there is no guarantee it won’t affect your credit. So it could be devastating to people’s credit.
cougsrule
4/2/20 9:27am
Missing mortgage payments due to lost income will also affect your credit. It
cucciolo25
4/2/20 9:37am
ST benefits with very high LT costs is not worth it.
Cougarclaw
4/2/20 9:49am
I know very little of the program. Luckily I don't need it. People should
cucciolo25
4/2/20 9:32am
Everything that was deferred is due immediately when the forbearance period ends
byubyu
4/2/20 9:20am
That makes zero sense. People who can’t pay now will have $5k-$10k in 6 months?
NWCoug
4/2/20 10:24am
Exactly.
byubyu
4/2/20 10:29am
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