Forbearance. What does that mean?!

We have been hearing a lot about mortgage forbearance. Question is, What is that?

So, Mortgage forbearance has multiple ways of helping/hurting you. The main way we've been hearing from people is that they took the forbearance and now they owe a lump sum which they can't afford. This means they have to sell or get foreclosed on. Having your home go into foreclosure isn't good for anyone. If this is your case then we can help. We can help you sell your home and gather your equity and avoid that foreclosure.

There is also two other options where you can do a loan modification where you push those payments that you had otherwise missed to the end of your loan. Lastly, You can spread those missed payments out along the loan. This will make your monthly payment more each month but it is a way to save your home.

If you have any questions at all about a mortgage forbearance or selling your home and getting the equity just give us a call at 316-365-7767 or visit our website at www.lhrealestatepros.com

L+H Homes, ERA Great American Realty

Your Realtors That Care.