When to extend
If you are still facing financial hardship due to COVID-19, you may be able to extend your forbearance, depending on federal law and your loan investor.
Keep in mind
- All payments paused during your forbearance period will still need to be repaid
- For loans that fall under the CARES Act, there may be an opportunity to extend your period of forbearance beyond 180 days, up to an additional 180 days
- If federal law doesn’t apply to your mortgage, the investor who owns your loan may give you the opportunity to request an extension of your forbearance period