Your lender might let you miss a few mortgage payments. Three questions you should ask first

日本 ニュース ニュース

Your lender might let you miss a few mortgage payments. Three questions you should ask first
日本 最新ニュース,日本 見出し
  • 📰 CNBC
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 72%

Lenders are allowing borrowers affected by the coronavirus pandemic to miss some of their mortgage payments. But there's more to this relief than meets the eye. What you should know.

2. What happens to your payments after the reprieve?Will the missed mortgage payments be folded into future payments? Will they be tacked on to the end of your mortgage, which could add a few months to the term of your loan? Could they be due in a lump sum later?

A homeowner who's having a hard time paying the loan could wind up working with the servicer to restructure the mortgage altogether. "A modification changes the underlying terms of the loan, extending it from 30 years to 40 years," said Daniel Eaton, attorney at Christensen Law Office in Minneapolis.Homeowners who use an escrow account set aside a portion of each mortgage payment to go toward homeowners' insurance premiums and property taxes.

Borrowers must ask what will happen to those expenses if they suspend their mortgages, as the CARES Act doesn't provide clarity. Your lender may foot the bill for insurance premiums and property taxes because it's protecting its interest in your home, said Eaton.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

CNBC /  🏆 12. in US

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Thailand reports 51 new coronavirus cases, three more deathsThailand reports 51 new coronavirus cases, three more deathsThailand reported 51 new coronavirus cases and three more deaths on Monday, according to a spokesman for the government's Center for COVID-19 Situation Administration.
続きを読む »

Pink details her three-year-old son's scary 'rollercoaster' coronavirus symptomsPink details her three-year-old son's scary 'rollercoaster' coronavirus symptomsSinger Pink has spoken to her fans about living with coronavirus and how her young son coped with the symptoms of COVID-19 after she had contracted the illness
続きを読む »

Three sports habits that could change after coronavirusThree sports habits that could change after coronavirusUsing spit to polish cricket balls might not be the only pre-coronavirus trick at risk. Here's a look at what else might change once sports competitions resume
続きを読む »

Selena Gomez To Unveil Three New Songs With Deluxe 'Rare' ReleaseSelena Gomez To Unveil Three New Songs With Deluxe 'Rare' ReleaseShe will also donate proceeds to coronavirus relief efforts
続きを読む »

China Reports No New Coronavirus Deaths for First Time in Three MonthsChina Reports No New Coronavirus Deaths for First Time in Three MonthsNo new coronavirus deaths were reported in mainland China on Tuesday, the first time in nearly three months. The number of new deaths has been trending downwards in China since the beginning of Mar…
続きを読む »



Render Time: 2025-03-16 22:15:11