If you’re a homeowner suffering financial hardship because of the COVID-19 restrictions and you’re struggling to pay your mortgage, you may be wondering what your options are.
“The first thing you should do if you’re having trouble paying your mortgage is to contact your servicer, which is the company listed on your mortgage statement. They will be familiar with your circumstances and can help you understand your options,” says Rob Greenbaum, Chief Sales Officer of AAFMAA Mortgage Services LLC (AMS).
If you are having financial difficulties as a result of COVID-19, you may qualify for a payment deferment also known as a forbearance.
