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.
Tackling a DIY project as a couple is more than just home improvement—it's about teamwork, creativity, and making memories.
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This passage urges readers to recognize how easily we neglect our own desires—whether because of health challenges, guilt, or societal expectations—and shows how we often settle for "good enough" decisions, especially in our homes and life choices.
