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Updated almost 5 years ago on . Most recent reply

User Stats

51
Posts
5
Votes
Rafael Trinidad
  • New to Real Estate
  • ORLANDO
5
Votes |
51
Posts

how will forbearance affect my future investment now

Rafael Trinidad
  • New to Real Estate
  • ORLANDO
Posted

if I am currently on forbearance on my home will it affect me on a future investment property ? and is forbearance only on your main property

  • Rafael Trinidad
  • Most Popular Reply

    User Stats

    12
    Posts
    3
    Votes
    Dave S.
    • Rental Property Investor
    • TX
    3
    Votes |
    12
    Posts
    Dave S.
    • Rental Property Investor
    • TX
    Replied

    What if you applied for forbearance and never used it. That should not ding your credit or good standing right? 

    We waited hours on the phone with our 2 lenders to get setup in March, preparing for the worst and hoping for the best. Turned out we never missed a payment....one of the lenders contacted us about the odds of using it and if it should remain open, we told them to end the program. 

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