If you own a home, you may have received an email from your lender offering payment deferrals for mortgages. Today, Mansa Musa from MoneySmartLife.org, takes a look at what deferred payments or a forbearance looks like and the pros and cons of a mortgage forbearance.

Happy 5th Anniversary to Take Control Tuesday! If you are looking to purchase a home this year, we may have an opportunity for you. Click the “Home Buyer Trusted Advisor Program” icon on moneysmartlife.org for a chance at one on one home buying coaching for free. Restrictions apply, go to the website for details: moneysmartlife.org
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