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Updated almost 5 years ago on .
Forbearance Repayment Terms that lenders are giving
Has anyone recently taken up any forbearance on their mortgage payments? I was wondering what were the terms on the repayments be like? Would it be:
1. A one-time payment right at the end of the forbearance, or
2. A one time payment deferred till the end of the loan, or
3. Repayment spread across multiple payment period after the forbearance period,
4. others/etc
Obviously option 1 would not be the best, and option 2 would be the best, i think.
Pls share. Thanks in advance and stay safe everybody! :)