Mortgage Blog

Mortgage Forbearance -- Please do not take this "advantage"

April 8th, 2020 1:19 PM by Eric Fang

Lenders might not get you loan if you have  forbearance with mortgage lenders.
 Right now, lender will ask the following questions:

1) Are you still employed as stated on the loan application? 

2) Have you experienced a reduction in income since completing the loan application?

3) Do you still have the ability and intent to make the mortgage payments required under this transaction?

4) Are you currently under any forbearance agreement on any mortgage?

5) Have you applied for forbearance from any mortgage payments? 
Posted in:General
Posted by Eric Fang on April 8th, 2020 1:19 PM



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