MORTGAGE FORBEARANCE

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MORTGAGE FORBEARANCE
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Forbearance is when your mortgage servicer or
lender allows you to temporarily pay your
mortgage at a lower payment or pause paying your
mortgage
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while dealing with short-term crisis, You will
have to pay the payment reduction or the paused
payments back on the agreed upon end date.
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WHO IS ELIGIBLE FOR A MORTGAGE FORBEARANCE?
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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.
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MORTGAGE MODIFICATION
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What is Mortgage Modification?
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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.
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Who is eligible for a Mortgage Loan Modification?
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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.
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United Housing Solutions
www.unitedhousingsolutions.net
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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
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CALL US TODAY FOR MORE INFORMATION.
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CONTACT US
711 East 133 St The Bronx, NY 10454info_at_unitedhous
ingsolutions.net [phone]
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THANK YOU FOR YOUR ATTENTION
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