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HomeForumsMortgage Payment SuspensionForbearance benefits and downsides
Jacob Pereira's profile image
Jacob Pereira's profile image
Jacob Pereira
  • Real Estate Agent
  • from Austin, TX
  • Member since Nov 19, 2014
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636
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Jacob Pereira's profile image
Jacob Pereira's profile image
Jacob Pereira
  • Real Estate Agent
  • from Austin, TX
  • Member since Nov 19, 2014
Connect
Jacob Pereira
  • Real Estate Agent
  • Austin, TX
485
Votes |
636
Posts
Mortgage Payment Suspension

Forbearance benefits and downsides

Jacob Pereira
  • Real Estate Agent
  • Austin, TX
Posted Jun 13 2020, 22:26

I've decided to use the forbearance option on all of my properties due to COVID-19 related hardships, and it has really helped to pad my bank account. A recent conversation with a client/friend of mine made me question whether I really have a correct understanding of how it works. For you lenders out there, are there any cons for borrowers to use this option? For those of you with loans and eligibility to use forbearance, are you doing it? Why or why not?

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