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Updated almost 5 years ago on .

User Stats

105
Posts
46
Votes
Han T.
  • Investor
  • Columbus
46
Votes |
105
Posts

Forbearance Repayment Terms that lenders are giving

Han T.
  • Investor
  • Columbus
Posted

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! :)