Did Your Mortgage Forbearance End? If you applied for a mortgage forbearance earlier this year and it has now ended, or is due to end, you will need to make a decision. That money could be due now in one lump sum, depending on the terms of your forbearance. Some lenders are allowing you to apply for a second forbearance. If you are not in a position to pay back all the past due payments in one lump sum, then you will need to think about what your next steps will be. Selling? Renting out your home? Possibly refinancing? Recession Memories During the big mortgage meltdown in the early 2000's, many people faced … [Read more...]
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