Forbearance - What You Need to Know

Due to the Covid-19 issue, many lenders are allowing homeowners to apply for forbearance on their current mortgage payment allowing the borrower to skip payments for a specific period of time. Only you know what is best for your family but you should know this... currently, you will not be allowed to refinance your home or purchase a home if you are in forbearance. Here is an interesting article on this issue:

https://www.yahoo.com/finance/news/fannie-freddie-forbearance-rule-sows-100000668.html