So if it is deferrment, no interest is charged during the deferred period?

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Apr 1, 2020
6:48:46pm

ray ray All-American

So if it is deferrment, no interest is charged during the deferred period?

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ray ray

Previous username: abe froman1
Bio page: ray ray
Joined: Sep 11, 2010
Last login: May 14, 2024
Total posts: 3,991 (8 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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