What Is Mortgage Deferral and How Does It Help Homeowners?

In the wake of the COVID-19 pandemic, many homeowners are struggling to make ends meet. Fortunately, there is mortgage deferral. Mortgage deferral is a program that allows homeowners to temporarily stop making payments on their mortgage. This can be a lifesaver for families who are struggling to make ends meet during these difficult times.

Mortgage deferral is not a permanent solution, however. Homeowners will eventually have to start making payments again. But in the meantime, it can provide some much-needed financial relief. If you're struggling to make your mortgage payments, talk to your lender about mortgage deferral today.

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