Deadline to Request COVID Mortgage Forbearance Is Sept. 30. Here’s How to Apply – TIME NextAdvisor
- September 27, 2021
- By: Greenpath Financial Wellness
Excerpt from Time Next Advisor discusses how request a mortgage forbearance with insight from GreenPath’s Senior Vice President of Business Development, Rod McGinniss.
More than 3 million homeowners are worried about their ability to make their next mortgage payment and the deadline to apply for forbearance is approaching.
COVID-Related Forbearance Options
The forbearance plans available to you will depend what type of mortgage you have. All federally-backed loans qualify for special COVID-19 forbearance, which has a streamlined application. “It’s a fairly easy process,” says Rod McGinniss, senior vice president of business development at GreenPath, a nonprofit organization and housing counseling agency within the U.S. Department of Housing and Urban Development (HUD) network. “In some cases you can do it online … [and] there’s no paperwork required if it’s an FHA, VA, [or] USDA loan.”
MY MORTGAGE FORBEARANCE IS ENDING. WHAT’S NEXT?
Learn from an online course to understand the options you may have available to you. Get suggestions for the next steps that are most aligned with your goals.
We Are Here To Support You
Understanding your options starts with a conversation. Our financial counselors are available to talk. They can help you figure out a plan to manage a crisis and will walk through your whole financial picture to help you identify options that can relieve stress and make it easier to bounce back.