Fountain Valley News - Your Hometown Community Newspaper

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...

For access to this article please sign in or subscribe.


Reader Comments(0)


Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2021