光速给投资房申请了forbearance,真是高效

alpha101
楼主 (北美华人网)
目前空置了两套投资房,agent一直建议我联系银行申请下forbearance,她的理由是
1.不影响credit 2.没有fee,打个电话即可 3.所有payments延期三个月,就算cash flow不受影响也可以多bank三个月cash 4.三个月到期后一般来说是要一次性付清这个三月的payments,也可以选择其他refi option之类
综合分析下应该是没有harm。大家也可以考虑下。
Update: 刚刚打了电话申请了10.1 - 12.31为期三个月的forbearance,两个mortgages,整个过程不到10分钟,得到的信息基本确认了以上四点。 计划三个月后再一次性付清这六笔费用。到期也可以选择部分defer,只是到时候如果有escrow shortage部分必须补上,不能defer。
s
seventen
目前空置了两套投资房,agent一直建议我联系银行申请下forbearance,她的理由是
1.不影响credit 2.没有fee,打个电话即可 3.所有payments延期三个月,就算cash flow不受影响也可以多bank三个月cash 4.三个月到期后一般来说是要一次性付清这个三月的payments,也可以选择其他refi option之类
综合分析下应该是没有harm。大家也可以考虑下。
alpha101 发表于 2020-09-11 13:30

这期间到付清延期之前不能申请贷款和refin
alpha101
这期间到付清延期之前不能申请贷款和refin
seventen 发表于 2020-09-11 13:38

感觉这也不是harm?
我们仨
现在的利率三个月也没几个钱,你留着cash有啥好的投资?
i
icyrosy
如果不缺这点钱,还是尽量不要给国家财政添负担吧,尽量留给真正需要的人去用比较好。。。
smile1234
好奇你这缓交的3个月的钱要干啥呢?又不多,要去炒股吗也有可能没了呢?存起来又没有几个利息?3个月后也要一大笔钱交上感觉也不会好呀。
alanbeil
除非真没钱付按揭了,否则我实在看不出折腾这个干嘛,有便宜不占王八蛋吗?
mabaole
接下来的最少3年,或许4年,你会贷不到任何贷款,也不能refinance。
这个如果把贷款延长3月还有点意思,可是没有,不知道好处在那里。
s
seventen
好奇你这缓交的3个月的钱要干啥呢?又不多,要去炒股吗也有可能没了呢?存起来又没有几个利息?3个月后也要一大笔钱交上感觉也不会好呀。
smile1234 发表于 2020-09-11 14:18

存三个月不超过十块钱吧
alpha101
如果不缺这点钱,还是尽量不要给国家财政添负担吧,尽量留给真正需要的人去用比较好。。。
icyrosy 发表于 2020-09-11 14:05

no idea what you mean by "给国家财政添负担", this kind of thought is totally handcuffed by ideology, you may want to say all those ABS investors???
alpha101
接下来的最少3年,或许4年,你会贷不到任何贷款,也不能refinance。
这个如果把贷款延长3月还有点意思,可是没有,不知道好处在那里。
mabaole 发表于 2020-09-11 14:37

接下来的最少3年,或许4年,你会贷不到任何贷款,也不能refinance ==> bullshit
Forbearance is nothing different from a Paused Payment Plan.
huashan2018
接下来的最少3年,或许4年,你会贷不到任何贷款,也不能refinance ==> bullshit
Forbearance is nothing different from a Paused Payment Plan.

alpha101 发表于 2020-09-11 14:43

how do you know. i would consider a ripple effect
alpha101
how do you know. i would consider a ripple effect
huashan2018 发表于 2020-09-11 14:54

Because rules are rules, the agreement of forbearance is that nothing is being reported to the credit bureau.
It is completely righteous for all homeowners and investors to apply for it.
A ripple effect is caused by a disturbance, which is when you go bankrupt in this context. I say folks should really do some research and not mix things.
Mercy should be the last thing to consider when you are investing.
anquandiyi
不影响信用 但是,在这期间,不能贷款买房,银行不会批的
anye
脑子被门挤了。。
你省下的那点钱,存银行没啥利息,丢股市可能全没了,外加没法继续买房子(除非all cash但那更傻),没法refinance,真是赚了几百块钱利息,损失了所有oportunities,这agent也是一个二傻子。
anye
Because rules are rules, the agreement of forbearance is that nothing is being reported to the credit bureau.
It is completely righteous for all homeowners and investors to apply for it.
A ripple effect is caused by a disturbance, which is when you go bankrupt in this context. I say folks should really do some research and not mix things.
Mercy should be the last thing to consider when you are investing.
alpha101 发表于 2020-09-11 15:04

这么自信,你继续吧,都懒得给你转link。
huashan2018
Because rules are rules, the agreement of forbearance is that nothing is being reported to the credit bureau.
It is completely righteous for all homeowners and investors to apply for it.
A ripple effect is caused by a disturbance, which is when you go bankrupt in this context. I say folks should really do some research and not mix things.
Mercy should be the last thing to consider when you are investing.
alpha101 发表于 2020-09-11 15:04

if nothing is being reported, then can you get another mortgage during forbearance?
alpha101
if nothing is being reported, then can you get another mortgage during forbearance?
huashan2018 发表于 2020-09-11 15:23

Just go and ask your bank and hear what they say.
The credit bureau tracks all your payment activities. Of course in the middle of a forbearance, (some of) your mortgage payments will not show so just get ready to answer this question if you indeed apply for a new loan during the three month period. But it is not considered as a blemish on your credit at all.
huashan2018
Just go and ask your bank and hear what they say.
The credit bureau tracks all your payment activities. Of course in the middle of a forbearance, (some of) your mortgage payments will not show so just get ready to answer this question if you indeed apply for a new loan during the three month period. But it is not considered as a blemish on your credit at all.
alpha101 发表于 2020-09-11 15:37

so there IS something reported on your credit report, your missing payment.
in fact, it won't hurt your credit score now, but you can not get refi or new mortgage during it, and what's more, you will need to wait another 3 months at least when your forbearance ends, to be qualified with new loans including refi or mortgage.
so 3+3 = 6 months in total you are not eligible to take any refi or new mortgage, not able to get any pre-approval letter during this 6 months and you can not go touring/virtual touring/putting offer on a house in the next 6 months, and lose probably in fact next 8-10 months to any opportunity.
And I won't say any banks in the future will not be selective when they see a buyer with forbearance background.
alpha101
so there IS something reported on your credit report, your missing payment.
in fact, it won't hurt your credit score now, but you can not get refi or new mortgage during it, and what's more, you will need to wait another 3 months at least when your forbearance ends, to be qualified with new loans including refi or mortgage.
so 3+3 = 6 months in total you are not eligible to take any refi or new mortgage, not able to get any pre-approval letter during this 6 months and you can not go touring/virtual touring/putting offer on a house in the next 6 months, and lose probably in fact next 8-10 months to any opportunity.
And I won't say any banks in the future will not be selective when they see a buyer with forbearance background.
huashan2018 发表于 2020-09-11 15:47

One option at the end of the three months is to do a refi, come on!
Your example could hold true as one example, aka one data point only.
huashan2018
One option at the end of the three months is to do a refi, come on!
Your example could hold true as one example, aka one data point only.
alpha101 发表于 2020-09-11 15:50

no , you can not.
when forbearance ends, banks need to see you make another 3 consecutive, successful payments at least, to put you back in the safe harbor.
so it is 3+3 = 6 months that they put you on a hold.
Minnie.Mickey
楼主是对的,确实不影响信用。因为银行会把这几个月的账单due都设成零,这样就不会有欠款记录发送到信用局。这期间如果找其他银行贷款,也不会有问题。
Chiaseed
有的人真够mean的,楼主按规定办事,不知道你们阴阳怪气什么
hioc
除非真没钱付按揭了,否则我实在看不出折腾这个干嘛,有便宜不占王八蛋吗?
alanbeil 发表于 2020-09-11 14:30

何不食肉糜?在这个困顿的时候,有人丢工作的,有房客不交租的。open-minded 一点很难吗?
cats_love_my_boots
lz play by the rules 而且好心好意来分享
大家有毛病挑ta的刺啊

hioc
有的人真够mean的,楼主按规定办事,不知道你们阴阳怪气什么
Chiaseed 发表于 2020-09-11 16:45

阴阳怪气是因为 ignorance and arrogance