VA extends loan forbearance period
Last updated 3/9/2021 at 12:08pm
Some of you are going to breathe a sigh of relief at this news: The Department of Veterans Affairs moratorium on evictions and foreclosures was due to end March 31, but it’s been extended to June 30.
The extension is designed to keep you in your home while you sort out the damaging financial effects of the COVID pandemic.
If you need forbearance (permission to miss payments or send a reduced amount), your lender is expected to grant you that for up to six months. During this time there are to be no late fees or penalties, but interest will accrue. The deadline to ask for forbearance is Ju...