Consumer Loan Assistance Request Form

Consumer Loan Assistance Request Form
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A forbearance plan is an agreement that allows borrowers experiencing a temporary hardship to make a reduced mortgage payment or no payment at all during the plan's term. Under this forbearance plan, the payments for your loan will be suspended for 90 days. The deferred principal and interest payments from the forbearance period will be due at the end of the loan in the form of a one-time or balloon payment. Interest will not continue to accrue on the deferred payments.
Your obligation to make payments on your loan will be deferred for 90 days. Please note that the maturity date of your loan will be extended by three months and during the payment deferment period, interest will continue to accrue on the loan.
A forbearance plan is an agreement that allows borrowers experiencing a temporary hardship to make a reduced payment or no payment at all during the plan's term. Under this forbearance plan, the payments for your loan will be suspended for 90 days. The deferred principal and interest payments from the forbearance period will be due at the end of the loan in the form of a one-time or balloon payment. Interest will not continue to accrue on the deferred payments.
Your obligation to make interest-only payments on your home equity line of credit will be deferred for 90 days. Please be advised the amount of interest that is deferred will be billed over the next 24 billing cycles starting with your next payment due. The deferred interest does not accrue additional interest and will remain as deferred interest until paid in full.
You will receive deferment in one (1) monthly increment when you apply and must reapply each month, not to exceed a total of three (3) billing cycles. You will not incur a late fee during the deferment period. The terms of your credit card agreement with WSFS will not otherwise change during that time however, the interest for the annual percentage rate, as determined under that agreement, will accrue as stated in your agreement.
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