We have received a number of questions from our CT-Based clients asking about mortgage payment relief – In case you did not receive Wednesday’s release from Commissioner David Lehman, see excerpt from link below and the link itself – Over 60 local banks and credit unions offering relief:
Mortgage relief. Over 60 banks and credit unions have agreed to offer mortgage relief to homeowners and businesses facing hardship caused by the pandemic. These institutions may offer:
- A 90-day grace period for all mortgage payments;
- Relief from fees and charges for 90 days;
- No new foreclosures for 60 days; and
- No credit-score changes for accessing relief.
Of course, you’ll want to contact your lender for more guidance on how this applies to your specific situation.
