If the authors of the stimulus were really thinking they would have provided

Apr 2, 2020
9:12:53am

delux_247 All-American

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 23, 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.

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