29.04.2020 - 18:58 [ MPRNews.org ]

3.4M homeowners skip payments; many are scared, say Congress needs to act

„They told me, yes, you can skip three months‘ payments,“ Gullo says. „But then they told me there was a balloon payment at the end of it.“ He was told that after three months, they‘d have to come up with all the money for those skipped payments. So they‘d suddenly owe four months of mortgage payments all at once — $14,000.