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If I use my mortgage deferrals in the CARE act, will it prevent me from buying another house later?

I am not unemployed, but I need the money for other medical expenses that came up from COVID-19. by jimmy.lambert0101231 from Tucson, Arizona. 12 days ago Reply


Dan Paladin (dpaladin)
#1 ranked lender in California - 641 contributions

It could...as of now lenders/investors want to see a 12 month payment history. Though the Care act allows for no effect to credit score reports will have a notation of a modification or some statement reflecting the forbearance.

12 days ago
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