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.

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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.”

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