{"id":46599,"date":"2017-09-14T04:22:48","date_gmt":"2017-09-14T09:22:48","guid":{"rendered":"http:\/\/horizonsmagazine.com\/blog\/?p=46599"},"modified":"2017-09-14T11:04:33","modified_gmt":"2017-09-14T16:04:33","slug":"florida-homeowners-can-ask-their-mortgage-company-to-delay-payments","status":"publish","type":"post","link":"https:\/\/horizonsmagazine.com\/blog\/florida-homeowners-can-ask-their-mortgage-company-to-delay-payments\/","title":{"rendered":"Florida homeowners can ask their mortgage company to delay payments but the full 3 months is due at the end of the 90 days"},"content":{"rendered":"
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If you are in Florida and have a mortgage, you can do this, contact your lender. I just did it with my mortgage company and my next payment is due in 90 days. \u00a0<\/span>Please note that all 3 months’ payments will be due in 90 days.\u00a0 The lender is required by federal law to give you this if requested.\u00a0<\/span>Homeowners FINANCIAL HURRICANE TIP: As we now live in a Federally declared disaster area (State of Florida), if you have a mortgage, your mortgage holder is required by federal law to give you a 3 month forbearance (M&T called it a moratorium<\/em>) on your mortgage payments at no cost and no credit implications, if requested. My next payment is due December 2017 and the amount due = the full 3 months’ amount.\u00a0\u00a0<\/span>If you want the 3 months to be added to the back end of the loan extending the term 3 months, you need to request a loan modification instead.\u00a0<\/span>After I wrote this, I cancelled mine and just made the payment. It was less hassle than trying to get the homeowner assistance guy to give me a straight yes or no answer. I told him it was my understanding a forbearance would extend my loan by 3 months and those 3 months would be due at the end of the loan, is that correct?<\/em> He could only read a prepared statement to me.”<\/span><\/p>\n<\/div>\n

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