Online Course: Forbearance and other Mortgage Payment Options
- April 10, 2022
Course length: 10 minutes
When looking at the options available to keep your home (or leave your home) it’s easy to get confused. There are a lot of industry terms to take in, assess, and then decide what’s in your best interest.
In this course we will:
- Share an example of a conversation with a servicer so you get an idea of what to expect and the options available before you call
- Provide a list of vocabulary words to have handy when discussing your mortgage with your servicer
- Consider the pros and cons of the options to keep and to leave your home, to help you decide what you want
For those who started their forbearance earlier in the pandemic, their initial pause on payments might be coming to an end, but it could be possible to extend the forbearance or consider other options.
For those who have not done a forbearance this course may still be for you. You can review options with your mortgage company if you are finding it difficult to make your payments.
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GreenPath is a non-profit credit counseling organization. GreenPath’s goal is to offer guidance and support to individuals seeking to manage and overcome financial challenges through education, financial counseling and debt management programs. The information provided is for educational purposes only. Consulting with a licensed financial advisor and tax advisor is recommended before making any major financial decisions. GreenPath is not a debt settlement company, credit repair company, credit repair service, nor does GreenPath provide debt consolidation loans. By using this website, you acknowledge and agree that GreenPath is not responsible for any financial decisions you make based on the information provided on this site.