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What it's like to defer your mortgage during the coronavirus - Business Insider

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Applying for mortgage deferral was relatively easy, and now she has money to grow her business

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She can defer payments for up to 90 days, and when the deferral period ends, Wells Fargo will assess whether she needs to extend her deferment. "I made the spontaneous decision to come home and start my business over a third time," Morales said. She had also been working with potential buyers who ended up postponing their search to see if they can get an even better deal on prices and rates as the housing market responds to the coronavirus.

 

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