Government Shutdown Mortgage Forbearance Available

We’re here for our borrowers impacted by the government shut down. Our loan counseling staff is available to assist you during your time of financial hardship. Call us at (800) 365-4884, Monday – Friday, 7:30 am-5:00 pm PT or email us at loancounseling@guildmortgage.net .

1. Postpone Your Payments through a Deferment or Forbearance. If you are a federal employee impacted by the partial government shutdown, you may temporarily postpone making your payments through the use of a deferment or forbearance. In particular, economic hardship deferments, unemployment deferments (if receiving unemployment benefits), a general forbearance, or a student loan debt burden forbearance may be available to you if you’re affected by the shutdown.

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Government Furloughed Workers loanDepot is committed to assisting our customers that are affected by the government shutdown. Please review these FAQs to learn more about the options that are available to you: FORBEARANCE Payments that were temporarily suspended during the forbearance period are not resolved by adding them to the end of the loan.

The service is available for 90 days; for the shutdown ending Jan. 25, 2019, the service will be available through April 25. Equifax is also providing educational information and answers to frequently asked questions regarding the federal government partial shutdown.

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impacted by the government shutdown. Mortgage forbearance options are also available. Terms : Consumer loan extensions are available for 30,60, or 90 days Loans that are delinquent more than 45 days will be subject to special review/approval Interest will continue to accrue during the extension period

WASHINGTON – Lenders are offering a wide variety of help to workers affected by the partial government shutdown. If you know you can’t make your loan payments now due to the shutdown, ask your.

The partial federal government shutdown is complicating the already complicated process of getting and managing a mortgage. For one thing, the political storm is like severe weather at a major.

Forbearance reduces your monthly mortgage payment-or suspends it completely-during the forbearance period. If you qualify for forbearance, you and your mortgage company will discuss the forbearance terms: length of forbearance period, reduced payment amount (if the payment is not suspended), and; the terms of repayment.

Statements relevant to assistance to individuals affected by a government shutdown. directly impacted by the shutdown, a loan is not rendered ineligible for purchase or securitization. including forbearance, currently available in the Guide to assist impacted Borrowers.

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