Forbearance IS NOT Forgiveness

Are you a homeowner worried about making your mortgage payment? Just keep in mind that forbearance does not mean Forgiveness. It’s important to understand what it is that you are signing. Let’s do some ‘mortgage forbearance math’. Cindy and John have a mortgage. It's currently at $2,500 per month. John loses his job and gets laid off from work. John hears all of the “News” about forbearance and how if you've been negatively impacted by COVID-19 that banks have to work with you.” Excited John calls the Mortgage Servicer, and inquires about the Forbearance he is entitled to. He’s so excited because in just one phone call, for now, he doesn't have to pay his mortgage for six months. This is where the craziness comes in. READ MORE... https://bit.ly/2VO5jFO