Real estate blog entries tagged with forbearance by Rob Spinosa, Mortgage Loan Originator, Marin County (US Bank)

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forbearance: Refinancing a Jumbo Mortgage After a COVID Forbearance - 08/09/21 07:56 AM

Refinancing a Jumbo Mortgage After a COVID Forbearance

Despite some recent setbacks that see COVID cases increasing, many of us are optimistic that vaccination rates will continue to go up and all of America will eventually commit to getting the worst of the virus behind us once and for all. There is no doubt that as we headed into the summer, we could feel the economy coming back on line and the country getting back to work. Sure the recovery has been uneven, but compared to the uniform bleakness of last summer, there could only be reason for hope this time around.

Not … (6 comments)

forbearance: Can I Refinance a Mortgage on a COVID Forbearance Plan? - 09/13/20 09:30 AM

Can I Refinance a Mortgage on a COVID Forbearance Plan?

Back at the end of the first quarter of 2020, the president might still have wanted to downplay COVID, but many real American homeowners suddenly found themselves in dire financial straits and quickly took advantage of the forbearance plans offered by the servicers of their mortgages. This payment relief allowed them to navigate the most uncertain and immediate impacts of the pandemic and for some, provided a bridge to re-employment and/or firmer financial footing. Now that some of these borrowers have made readjustments to the new normal, they may wish to take … (21 comments)

forbearance: Should I Keep Making My Mortgage Payment? - 08/31/20 08:14 AM

Should I Keep Making My Mortgage Payment?

With so many people refinancing these days, and with the loan process sometimes crossing one or two months' time, a question we frequently get from those in process is, "Should I keep making my mortgage payment?" The answer is a simple and clear, "Yes!"

But let's talk about why, because the concept is as simple as it is often misunderstood. In our formative financial years, many of us rented a home or apartment before we made the leap into home ownership. And I'd be willing to be bet that more than a few of us got … (16 comments)

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