Bank Of America Offers Homeowners Relief: Its Mortgage Holders Can Now Pause Payments
Share
[aggregation-styles]
Forbes
Homeowners who are struggling financially due to the coronavirus pandemic may now see some relief—at least if they have a Bank of America mortgage.
According to an announcement from the company early Thursday evening, homeowners with Bank of America mortgages and home equity loans can now defer their payments in the wake of the COVID-19 outbreak.
Mortgage holders will need to request the deferment directly through the bank, and the waived payments will be added to the end of their loan term. There’s no formal word on how many payments can be waived or for how long, and deferments are approved on a case-by-case basis.
Read More →
Forbes
Homeowners who are struggling financially due to the coronavirus pandemic may now see some relief—at least if they have a Bank of America mortgage.
According to an announcement from the company early Thursday evening, homeowners with Bank of America mortgages and home equity loans can now defer their payments in the wake of the COVID-19 outbreak.
Mortgage holders will need to request the deferment directly through the bank, and the waived payments will be added to the end of their loan term. There’s no formal word on how many payments can be waived or for how long, and deferments are approved on a case-by-case basis.
Read More →
By Aly J. Yale | 20 Mar 2020
RELATED TOPICS:
Trump Calls Musk’s Formation of New Party “Ridiculous” and Confusing
Politics /
3 hours ago
Fresno DUI Driver Slams Into CHP Motorcycle, Tow Truck on Highway 99
Local /
9 hours ago
Russia Downs 120 Ukrainian Drones Overnight, Defense Ministry Says
World /
9 hours ago
Israel Sends Delegation to Qatar for Gaza Talks Ahead of Netanyahu Trip to US
World /
9 hours ago
Musk Announces Forming of ‘America Party’ in Further Break From Trump
Politics /
10 hours ago
Death Toll From Texas Floods Reaches 59, Including 21 Children
News /
10 hours ago
California’s Politics Drifts Right While New York’s Leans Left
Opinion /
10 hours ago
How Trump’s ‘Big, Beautiful Bill’ Will Make China Great Again
Opinion /
2 days ago
What’s Caitlin Clark Worth to the WNBA? A Lot More Than Her $78,066 Salary.
Sports /
2 days ago
TikTok Building New Version of App Ahead of Expected US Sale, the Information Reports
TikTok is building a new version of its app for users in the United States ahead of a planned sale of the app to a group of investors, The I...
Tech /
3 hours ago
Categories
Latest
Videos

Tech /
3 hours ago
TikTok Building New Version of App Ahead of Expected US Sale, the Information Reports

World /
3 hours ago
Hamas Government Office Rejects US Accusation of Involvement in Gaza Aid Site Attack

News /
3 hours ago
Death Toll From Texas Floods Reaches 78, Trump Plans Visit

Politics /
3 hours ago
Trump Calls Musk’s Formation of New Party “Ridiculous” and Confusing

Local /
9 hours ago
Fresno DUI Driver Slams Into CHP Motorcycle, Tow Truck on Highway 99

World /
9 hours ago
Russia Downs 120 Ukrainian Drones Overnight, Defense Ministry Says

World /
9 hours ago
Israel Sends Delegation to Qatar for Gaza Talks Ahead of Netanyahu Trip to US

Video /
3 days ago