Most homeowners can skip mortgage payments for up to a year -- regardless of what their banks say

Most homeowners can skip mortgage payments for up to a year -- regardless of what their banks say

Here’s some coronavirus relief your bank or home loan servicer might not be telling you:New federal coronavirus relief measures enable most homeowners with mortgage loans to put off making their mortgage payments for a full year.And once we get back to normal, those borrowers will have the option to tack those missed payments to the end of their loan terms.Your credit won’t suffer.Yet, on social media pages of some of the nation’s largest banks, consumers say customer service representatives are offering them the opportunity to skip only three months of payments, and they’re saying those payme...


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