08 May Holly Walther Lending Team: Fun Fact Friday – Let’s Talk Forbearance
Holly Walther Lending Team: Fun Fact Friday – Let’s Talk Forbearance
Holly: Hi, good afternoon. It’s Holly, a little Miss lazy Daisy. And then I have a special guest this week – my youngest son, Jake. And we are here with your Fun Fact Friday. So let’s talk forbearance. Earlier this week I had a referral. She called me, we took her application. We were in a position to say for over $400 a month on her monthly mortgage payment. She was getting back a large escrow refund, skipping a mortgage payment. It was really going to put her in a great position and put her towards her financial goals. Then once we looked a little deeper at her credit report, we noticed that it said that word forbearance. She did not request a forbearance. She simply had called her current mortgage holder to inquire about what the forbearance process was and they immediately put her in this process. Why am I bringing this to your attention? Is because now that that word was on her credit report, we are unable to help her with her refinance. And she was a private candidate; great credit scores, everything looked great. So again, that’s your Fun Fact Friday. Hope you enjoyed my special guests, but hey guys, this is all our new normal balancing work and kids and pets and everything else. So we will see you next week.