There are three things you should know about a forbearance plan, and we’re discussing each of them. To learn more about forbearance, watch this short video.
Ready To Find Out How Much Your Home Is Worth?
With over 25 year of Real Estate experience we’ll give the most accurate home evaluation in the market today.
The 3 things you need to know if you can’t make your mortgage payment:
1) Forbearance. Forbearance provides temporary relief by reducing or suspending your payments for a brief period.
2) Repayment options. You need to know the terms of the forbearance. You may have a repayment plan, modification, deferred payments, or extension of forbearance.
3) How this will affect your credit. I personally have gotten a forbearance. The letter I received from my lender said: “By entering into this forbearance plan, we will report your account to the credit bureaus as current under the forbearance plan.” That means no damage to your credit.
To get the latest Covid-19 information and its impact on the current real estate market, go HERE.
Follow Us On Social Media
Looking For A Home in Hawaii?
Thanksgiving Joy: Join Us for a Pie Party at Team Lally Office!
Mark your calendars for our Thanksgiving Pie Party at Team Lally Office in Kapolei on November 21, from 4 p.m. to 6 p.m. Enjoy tasty treats, karaoke, and live music by Howard Nett & Overcrowded Avenue! Also, this Thanksgiving, we hope you share the love with the Humane Society, an organization that aims to end the cruelest practices towards animals by making a donation. To hear more details about the holiday event and how to donate, watch this short video.
Helping Intoxicated Drivers to Get Home Safely and Saving Lives with Chanda Park
This week on the Team Lally Real Estate Radio Show, we interview Chanda Park, Co-Founder...