HōM 406
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Forbearance vs. Forgiveness
erin • April 10, 2020
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In this COVID-19 environment at HōM 406 we understand the plight caused by limited income due to job losses and forced business closures. Thankfully the government has responded in this time of uncertainty with SBA loans, paycheck protection programs and changes to the rules for borrower programs such as loan forbearance and deferment plans.
Loan forbearance
can defer your loan payments today, but it will adds to the total cost of the loan. It adds those "skipped" payments to the end of the loan term. Loan deferment
can be interest-free for certain types of federal loans, and suspends the payment obligations for a limited period of time. Are you wondering if one of these programs might be right for you? Call me, let's get you connected to the best lender to support you and ensure all possible solutions are explored.... not just the buzz topics.
Thanks to Fairway Mortgage for sharing this infographic.
Explore home design as it reflects personal identity. We urge individuals to design their home without fear of resale value, and celebrate the freedom of having your very own HōM(e).
Tips for Southwest Montana Seniors to Buy and Sell Real Estate with HoM 406
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