Premium Only Content

No Lump Sum Payment Required on Mortgage Forbearance I Seattle Real Estate Podcast
Lump-sum payments are NOT required as part of the CAFES Act on mortgage forbearance.
Maybe you've lost your job and are not in a position to pay your mortgage. Your lender has said you will need to make a lump sum payment at the end of your forbearance period. Is this true???
With businesses shut down, people at home, and 26 million people requesting unemployment for the first time there's a ton of mortgages not being paid. Some lenders are requiring their customers requesting forbearance to repay the entire lump sum at the end of the forbearance period. Fannie Mae and Freddie Mac just released guidelines on what can be offered as part of the forbearance process. Lump-sum payments are a payment option but are not required.
Join Sean Reynolds, owner of Summit Properties NW and Reynolds & Kline Appraisal as he discusses what is happening with forbearance repayment options on this episode of the Seattle Real Estate Podcast.
#forbearance #mortgage #caresact
➜➜➜ SUBSCRIBE FOR MORE VIDEOS ➜➜➜
To never miss a video about personal finance & real estate related topics, please subscribe to my channel & then hit the bell notification here ➜ https://bit.ly/3bOA04n
🎙 𝑺𝒆𝒂𝒕𝒕𝒍𝒆 𝑹𝒆𝒂𝒍 𝑬𝒔𝒕𝒂𝒕𝒆 𝑷𝒐𝒅𝒄𝒂𝒔𝒕
iTunes: https://apple.co/2MkFziJ
Spotify: https://spoti.fi/2Dh8EoL
Stitcher: https://bit.ly/2FDK0QC
👫 Follow Summit's Socials!
Facebook: https://facebook.com/summitpropertiesnw/
Instagram: https://instagram.com/summitpropertiesnw/
LinkedIn: https://linkedin.com/company/summit-properties-nw-llc/
💼 Summit Offers a Simple 80/20 Commission Split With No Other Associated Fees & A Low $10,000 Annual Cap!
👉 Learn More: https://summitpropertiesnw.com/career/
🏡 Summit Properties NW, LLC.
Office: (425) 451-3342
Email: inquiries@summitpropertiesnw.com
👍 Please Like, Share and Subscribe For More News & Real Estate Insights.
-
22:42
News For Reasonable People
1 day agoCalifornia Exodus Accelerates: U-Haul Reveals Shocking Outbound Migration Numbers
2611 -
30:21
Friday Beers
2 hours agoOur Brutal Golf Challenge: Hot Wings Roulette
3.5K -
2:58:40
Barry Cunningham
4 hours agoPRESIDENT TRUMP SPEECH AT MAKING HEALTH TECHNOLOGY GREAT AGAIN! EVENT AND MORE NEWS!
30.2K17 -
LIVE
SpartakusLIVE
1 hour agoTiger Blood RESTOCKED and 30% off w/ code SPARTAKUS30
76 watching -
DVR
The Officer Tatum
3 hours agoLIVE: Left CANCELS Their Own, All White Town, NYC Shooter Update + MORE | EP 146
9.93K9 -
LIVE
The Rabble Wrangler
14 hours agoRimWorld with The Best in the West!
43 watching -
LIVE
MissesMaam
4 hours agoVariety Stream💚✨
77 watching -
LIVE
blackfox87
44 minutes agoHot Droppin! | PREMIUM CREATOR | #DisabledVeteran
47 watching -
1:23:27
Redacted News
3 hours agoBREAKING! FBI DIRECTOR DROPS BOMBSHELL, REVEALS HIDDEN 'BURN BAGS' AND MISSING EPSTEIN FOOTAGE
128K132 -
1:21:25
vivafrei
4 hours agoJoey Swoll CANCELS Himself! Oprah Closing Roads for Tsunami Evacuees? Canada Can't Find Criminals?
77.6K29