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Tag Archives: forbearance

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I Can’t Make My Mortgage Payments. What Are My Options?

By Jacobs Legal |

Homeowners throughout Florida are in a difficult situation as the economy struggles to return to its pre-pandemic levels. If you are one of the thousands of homeowners who is having difficulty keeping up with your monthly mortgage responsibilities, know that you have options and help is a phone call away.       One… Read More »

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Should I Do a Mortgage Forbearance?

By Jacobs Legal |

We’ve heard a lot about mortgage forbearance this past year during the coronavirus pandemic, but many people may not fully understand what mortgage forbearance is and how it can be used by homeowners who are struggling financially. Before deciding if forbearance is right for you, it’s important to fully understand your options and obligations… Read More »

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Does Forbearance Affect Your Credit Score?

By Jacobs Legal |

Loan forbearance is an arrangement between you and your mortgage servicer to temporarily pause or decrease your monthly loan payments for a set period of time. For families going through temporary hardships, forbearance can be a helpful alternative that gives them much-needed time to regain their financial footing. Not every homeowner qualifies for forbearance,… Read More »

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What To Do Next When Forbearance Ends

By Jacobs Legal |

If your forbearance period is nearing its end, you may have questions about what comes next. The answer will depend on your situation and the agreement made between you and your lender. For federally backed mortgages, such as those owned by Fannie Mae or Freddie Mac, FHA loans, VA loans and USDA loans, forbearance… Read More »

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What To Do After Your Forbearance Ends

By Jacobs Legal |

Forbearance offers homeowners temporary relief from their mortgage payments if they have fallen on hard times, but that relief is not indefinite. As your forbearance period nears its end, homeowners will be responsible for paying back the full forbearance amount, including interest on the payments that were paused. How that repayment works will depend… Read More »

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What Happens When Forbearance Ends for Floridians

By Jacobs Legal |

Here in Florida, thousands of families have been able to experience some relief from their monthly mortgage obligations with forbearance under the CARES Act. But soon that forbearance period will be ending and homeowners will have to make some decisions about what to do next. As a temporary relief program, forbearance allows you to… Read More »

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