texasrocker

U.S. Orders Up To A Yearlong Break On Mortgage Payments

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Homeowners can't just stop paying their mortgage. "They need to contact their servicer — that is the lender that they send the check to every month," he says. "That lender will work with them to be able to work out a payment plan.

Where have I heard that, before? Oh yea - 2008.

 

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16 hours ago, Harry Seaward said:

... for homeowners who have lost income or their jobs because of the coronavirus outbreak.

Well excu-u-u-u-u-u-se me for copy/pasting the title of the article instead of spelling out what should be an obvious conclusion to anyone who has not been living under a rock the last few weeks. 

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1 hour ago, texasrocker said:

Well excu-u-u-u-u-u-se me for copy/pasting the title of the article

You're excused if you feel you need it, but it's not necessary. You didn't do anything wrong, as evidenced by my lack of criticism toward you. 

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On 3/24/2020 at 10:28 AM, Goody_Ouchless said:

Ha - glad to see you haven't changed!

I seriously doubt that you have changed much either since your snidely mentor hasn't...  If I perk up my ears I can almost hear him snickering all the way from Texas.

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7 hours ago, texasrocker said:

I seriously doubt that you have changed much either since your snidely mentor hasn't...  If I perk up my ears I can almost hear him snickering all the way from Texas.

Can I ask you a serious question?  None of this was a personal attack toward you.  You posted a link to an article, presumably for the purposes of discussion.  When people tried to discuss it, you assume the comments made were somehow directed toward you personally.  Why (how, really) do you do that?

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On 3/24/2020 at 7:15 AM, WhoCares1000 said:

The thing is, for someone like me who has not lost their job, there should be no reason why I should not continue to pay on my mortgage.

People take out mortgages in the most extreme situations. Because I don't think everyone will want to pay interest every month or year. I believe that a loan can be taken if you are sure that you don't have to sell all your possessions to pay off the mortgage loan. Plus, if you still decide to take out a loan, then you need to choose a credit company well and carefully. Because now there are many scammers and fake companies that deceive people because of their inexperience. I took out a loan for a house of 300 thousand dollars here  https://www.Nottinghammoneyman.com and I am grateful that I was helped until the end of the transaction.

  • Haha 1
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1 hour ago, Shoxy said:

People take out mortgages in the most extreme situations. Because I don't think everyone would want to pay interest every month or year

People don't only take out mortgages in the most extreme situations. They take them out for an original purchase of a home, to have cash to invest elsewhere, or to remodel their home. Those are not extreme situations.

And it does not answer my question. Since I have felt no adverse affects from the COVID situation financial wish, why should I not pay on my mortgage. The same goes for anyone else in my situation.

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