Bank Of America Offers Homeowners Relief: Its Mortgage Holders Can Now Pause Payments
By News
Published 4 years ago on
March 24, 2020
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:
Gov. Newsom Appoints Judges for Fresno, Merced Counties
Local /
13 hours ago
Israel Briefs US on Evacuation Plan for Palestinians Ahead of Planned Rafah Assault
World /
14 hours ago
Canadian Police Make 3 Arrests in Sikh Separatist’s Slaying That Sparked a Spat with India
World /
14 hours ago
Three Arrested for Trespassing, Posting Flyers at Fresno Synagogue and Church
Crime /
15 hours ago
Heavy Rains Over Texas Have Led to Water Rescues, School Cancellations and Orders to Evacuate
Weather /
18 hours ago
Yellen Says Threats to Democracy Risk US Economic Growth, an Indirect Jab at Trump
WASHINGTON — Treasury Secretary Janet Yellen argues that a fractured democracy can have destructive effects on the economy — an indirect jab...
Politics /
54 mins ago
Categories
Latest
Videos
Politics /
54 mins ago
Yellen Says Threats to Democracy Risk US Economic Growth, an Indirect Jab at Trump
World /
1 hour ago
New Sea Route for Gaza Aid on Track. Treating Starving Children Is a Priority
Inspire /
1 hour ago
At Time of Rising Antisemitism, Holocaust Survivors Take on Denial and Hate in New Digital Campaign
Local /
13 hours ago
Gov. Newsom Appoints Judges for Fresno, Merced Counties
World /
14 hours ago
Israel Briefs US on Evacuation Plan for Palestinians Ahead of Planned Rafah Assault
World /
14 hours ago