FHA Gives Borrowers Another Solution For Mortgage Relief
News

FHA Gives Borrowers Another Solution For Mortgage Relief

May 6, 2020
by
Navi Persaud

The Federal Housing Administration has come up with another way to help borrowers who are struggling to pay their mortgages during the COVID-19 pandemic. The FHA is giving borrowers who request forbearance on their FHA-backed loan, the ability to convert missed payments into interest-free loans that will be due in full when they sell, refinance their mortgage or reach the end of their loan term, according to a Newsday report.

Read more about the FHA's repayment plan.

Written by 
Navi Persaud

Navi is the Director of Online Content for American Business Media in West Hartford, Conn.

npersaud@ambizmedia.com
FHA Gives Borrowers Another Solution For Mortgage Relief
May 6, 2020 11:09 AM
by
Navi Persaud
News

The Federal Housing Administration has come up with another way to help borrowers who are struggling to pay their mortgages during the COVID-19 pandemic. The FHA is giving borrowers who request forbearance on their FHA-backed loan, the ability to convert missed payments into interest-free loans that will be due in full when they sell, refinance their mortgage or reach the end of their loan term, according to a Newsday report.

Read more about the FHA's repayment plan.

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