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If you’re experiencing a temporary hardship and are less than 90 days behind on your home loan payments, you may be eligible for an extension. An extension is where your lender agrees to suspend a number of your home loan payments for a period of time and add those payments to the back end of your loan – extending the length of your loan term. To be considered for an extension, you must be able to show that you have the ability to make future payments.

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نوع المصطلح: اسم
المرادف (المرادفات)
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المجال / النطاق: صناعة مصرفية
الفئة: إعادة التمويل
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If you are facing a temporary hardship, your lender may offer you a deferment. A deferment is a postponement of your home loan payments for a set period of time. This does not ...