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Save Forbearance Agreement in PNG

Save Forbearance Agreement in PNG

Aug 6th, 2022

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How to Save Forbearance Agreement in PNG

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Jason Hardy from Homestead Financial discusses the drawbacks of forbearance agreements, emphasizing they should only be considered in cases of genuine risk of losing one’s home. He warns against inadvertently entering a forbearance during a mortgage application, as many individuals are unaware they are in such agreements. This can lead to consequences like credit card cancellations and damage to credit scores, as well as difficulties in refinancing to take advantage of low mortgage rates. Hardy urges listeners to avoid forbearance unless absolutely necessary and plans to explain what a forbearance agreement entails.

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