forbearance

It reminds us that everybody is aching in some way and therefore deserving of forbearance.

Homeowners may also qualify for a mortgage forbearance for 12 months after natural disasters and are advised to connect with their lender to notify them of the status of their home and ability to pay.

“You can also submit it online through their portal. The second I submit that application, I would put my loans in processing forbearance.”

However, processing forbearance doesn’t last as long as normal forbearance.

“The processing forbearance is for just 60 days,” said Mark Kantrowitz, author of “How to Appeal for More College Financial Aid.”