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Homeowner expected relief from a mortgage deferral, instead got a bill for $4,700: ‘I about fell over’

Posted by   /  July 31, 2020  /  No Comments

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By Megan Leonhardt | CNBC

Utah homeowner Katherine Cwik says she panicked after she found out she owed a lump sum of nearly $4,700 on her mortgage — far more than the three months of mortgage payments she thought she deferred back in March.

Cwik, 55, who works in the airline industry, applied for a deferral of her mortgage payments on March 20, after she agreed to take an unpaid leave as part of her company’s plan to free up payrolls. She’s been able to collect unemployment and is supposed to return to work in August.

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