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 →
RELATED TOPICS:
Categories
Latest
Videos
Crime /
8 minutes ago
Mexican Beauty Influencer Shot to Death During TikTok Livestream
Courts /
22 minutes ago
Cassie Testifies That Sean ‘Diddy’ Combs Raped Her and Threatened to Release Sex Videos
Courts /
48 minutes ago
Teens Accused in Caleb Quick’s Murder Appear in Juvenile Court
Crime /
1 hour ago
Fresno Police Arrest Suspect in Drive-By Shooting
Opinion /
1 hour ago
