CFPB: Repaying Mortgage Forbearance – What You Need to Know

December 8, 2020

The coronavirus pandemic has made it difficult for millions of Americans to maintain steady mortgage payments.

If you work with homeowners who have placed their mortgage in forbearance this year, help them understand:

  • If they got forbearance under the CARES Act, they have the right to a 180-day extension
  • They have options for repaying

Watch and then share this video about how to prepare to pay back missed payments once forbearance ends.

For more information, including how to request forbearance, visit cfpb.gov/housing. 

Looking for resources in Spanish? Check out this video:

Aplazamientos de hipotecas en la Ley CARES: Lo que usted necesita saber.