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So the payments get deferred, but if families aren't earning any money (e.g. lost job or furloughed) for these missed months, how will they catch back up? Wher
by ahnick 6y ago
So the payments get deferred, but if families aren't earning any money (e.g. lost job or furloughed) for these missed months, how will they catch back up? Where does the extra money come from?
- boring_twenties 6y agoAt least with a mortgage, couldn't it be reasonable to extend the entire payment schedule by 1/2/3 months?
- ahnick 6y agoYeah, that's my thinking as well. Maybe congress will pass a nationwide extension on home mortgages for some determined duration of the pandemic? Rent is less clear. Maybe something similar for the landlords and in return there is a moratorium on evictions?
- videotopia 6y agoAgreed. This would make the most sense surely.
- rayiner 6y agoThe government is giving them an extra $2,400 a month. It’s taking some time to get distributed, but it’s going out.