What is Loan Forbearance Vs Deferment Vs Modification?
Manage episode 258596679 series 2641164
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Melinda Bailey is a 30-year commercial banking industry veteran who joins the show to explain the difference between and consequences of loan forbearance, deferment and modification.
Melinda explains how your credit might be affected and how the bank will use this event in time to judge your credit worthiness as a borrower. She shares her views on the real estate market and gives her prediction of how quickly we will recover.
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