Monday, April 13, 2020

A Word About Forbearance…

Mortgage Broker AdvisorGood Morning!

A word about forbearance…

If you have a job and things are still good for you and your family please don’t request a forbearance.  

Not only will this also contribute to the crippling of the mortgage market, but you may be doing unintentional harm to yourself.

The credit bureau will report the forbearance on your report.  This will impact your ability to get credit in the future.

If you’re on a fence as to whether you legitimately need forbearance, find out your servicer’s policies so you can make an informed decision
with all the pros and cons.  

That’s it for today!

Thanks for reading.

Brett

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