Author Topic: Residential Mortgages  (Read 6969 times)

Offline dovy2

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Re: Residential Mortgages
« Reply #80 on: March 07, 2021, 07:10:19 PM »
Anyone with actual experience after finishing his forbearance How the bank proceeded? Did they request lump sum? pushed it off till the end of the mortgage?
I am with us Bank, I had the whole lump sum pushed till the end interest fee.. it's basically a second separate loan only due in 30 years (I didn't finish my first year yet)

Offline yesitsme

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Re: Residential Mortgages
« Reply #81 on: March 07, 2021, 07:11:18 PM »
*interest free
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Offline yesitsme

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Re: Residential Mortgages
« Reply #82 on: March 07, 2021, 07:11:42 PM »
Anyone with actual experience after finishing his forbearance How the bank proceeded? Did they request lump sum? pushed it off till the end of the mortgage?
Depends on the Lender
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Offline TBD

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Re: Residential Mortgages
« Reply #83 on: March 07, 2021, 08:44:23 PM »
Depends on the Lender
Anyone with experience by TD Bank?

Offline Lurker

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Re: Residential Mortgages
« Reply #84 on: March 16, 2021, 10:37:20 AM »
Does anyone have more info on the Homeowners Assistance Fund? @cgr?

ETA: That may not be the right program. I'm looking for info on the $10B that is supposed to be given to the states to help pay off deferred mortgage payments.
Failing at maintaining Lurker status.

Offline cgr

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Re: Residential Mortgages
« Reply #85 on: March 16, 2021, 11:41:41 AM »
Does anyone have more info on the Homeowners Assistance Fund? @cgr?

ETA: That may not be the right program. I'm looking for info on the $10B that is supposed to be given to the states to help pay off deferred mortgage payments.
Based on what I read in the bill, it's not money that will ever be available to the masses.
-it's only 10B
-it's available til 2027
-it can be used for mortgage awareness and education