What is mortgage forbearance? The CARES Act of March 28, 2020 included an allowance that those with government loans could suspend mortgage payments for up to 1 year.
I asked my good friends Jim and Stacy Brebner to explain mortgage forbearance more in-depth. When is a good time to take advantage of it? With rates so low, you may want to refinance – but will it be possible if you have already started the forbearance process? Read more