However in later 2022, the Virtual assistant quickly ended the Limited Claim Fee (PCP) system, which in fact had anticipate a homeowner at the end of a good forbearance to move the fresh skipped payments to the back of the mortgage title and sustain the rate on their completely new financial.
You to definitely efficiently became a well-intentioned program towards the a lure-and-switch pitfall. Veterans state these were told before it grabbed an effective forbearance that the regular monthly home loan repayments wouldn’t increase and their missed payments might possibly be moved to the back of the mortgage term.