A Message To Our Customers Regarding Forbearance of Payments in Specific Bonafide Circumstances of Financial Hardship Directly Related to COVID-19.
The recent battle against the spread of COVID-19 has impacted us all, some more than others. Our primary concern at Nationwide Mortgage Bankers, Inc. “NMB” is the well being of our truly nationwide community of staff and clients alike.
While beating the virus, some may incur financial obstacles such as illness, loss of job, or the requirement to care for a loved one that becomes ill. These are examples of bonafide financial hardship which, in New York State, may avail you for up to 90 days of forbearance of your mortgage payments.
A forbearance is a temporary pause on your payments, and the payments “missed” will be tacked on to your mortgage. Therefore, it is important that you only apply for this relieve if absolutely necessary. Furthermore, the term of relief will be most likely limited to 3 months, therefore, it is important to wait to apply until you actually need the relief. Furthermore, if possible, it is highly recommended that you make your payments until such time as a forbearance application is reviewed.
Because this situation is evolving in real-time, and because we have the genuine desire fulfill the needs of the community and provide accurate information, it is requested that any borrower with a bonafide financial hardship fill out the form below:
Consumers who submit this form will receive a confirmation regarding receipt of this form, and when applicable, followed by an email application that is specific to the state in which the Subject Property is located. Additionally, all consumers who submit this form will be kept up to date with information specific to their scenario and specific geographic region.
We look forward to brighter futures and remain committed to working with you through this difficult moment in time.