QUESTION
Am I able to defer a mortgage payment with Quicken Loans?
ANSWER
Yes, one is able to defer a mortgage payment with Quicken Loans, now known as Rocket Mortgage. Generally, borrowers facing financial hardship due to circumstances such as unemployment, illness, or other unexpected events may qualify for assistance through various programs that lenders offer. However, eligibility for deferring a mortgage payment depends on the specific terms and conditions of the borrower's loan agreement and the lender's policies regarding forbearance or deferment options at the time of the request. It is essential to contact the loan servicer directly to discuss available options and understand any potential impact on one's loan, such as additional interest or fees that may accrue during the deferral period.
EXCLUSIVE OFFER