Active mortgage forbearance
What does this mean?
- Forbearance is an agreement between a lender and a borrower to temporarily pause or reduce mortgage payments to help the borrower avoid foreclosure. As of this moment, we are not proceeding with applications with a mortgage in active forbearance.
How can I become re-eligible?
- If your forbearance has now ended, you’re welcome to submit a new application so we can re-evaluate your eligibility. We may ask for a letter from your mortgage lender confirming you are no longer in a forbearance payment plan.
- If you believe we incorrectly identified your mortgage as being in active forbearance, please reach out to us at decision-info@point.com, letting us know.
- If you are considering exiting forbearance, consult a financial advisor to help you make the best decision for your circumstances. While your current application is closed, feel free to apply again in the future.