Forbearance is when your mortgage servicer or lender allows you to temporarily pay your mortgage at a lower payment or pause paying your mortgage. https://www.unitedhousingsolutions.net/
6. What are the benefits of
Mortgage Forbearance?
Mortgage forbearance provides
temporary relief by allowing you to hit
pause while you get back on your
feet, to make lower payments or no
payments for a specific period of time.
9. Mortgage modification is a process where
the terms of an existing mortgage are
modified outside the original terms of the
contract agreed to by the lender and
borrower, due to missed mortgage
payment, or and financial hardships. It may
involve a reduction in the interest rate, an
extension on your repayment period, a
different type of loan, reduce your monthly
payments to a more affordable one or any
combination of the four.
www.unitedhousingsolutions.net
11. COVID-19 related hard ships.
Damaged home due to natural or
declared disaster. Long term illness
or disability (that increased your
healthcare costs).Lost your job.
Death of a family member (and loss
of their income).Sudden increase in
property tax, or homeowner
association fees. Divorce.
www.unitedhousingsolutions.net
13. The best way to ensure you receive
the specialized care for your unique
mortgage forbearance situation is to
speak directly with a mortgage
forbearance specialist from United
Housing Solutions. Since every
circumstance is unique, ensure you
are receiving the guidance you
deserve from us.
www.unitedhousingsolutions.net