Four of the five largest banks in the U.S. have agreed to let California residents skip mortgage payments for 90 days if they have lost their jobs or are struggling financially due to the coronavirus pandemic.
JPMorgan Chase, Wells Fargo, Citigroup and U.S. Bancorp, along with about 200 state-chartered banks and credit unions, voluntarily agreed to waive mortgage payments for California residents who are having trouble paying bills because of the COVID-19 outbreak.
Bank of America has also agreed to waive payments, but only for 30 days👎.
Your mortgage company will not automatically set you up with this plan. You have to call them to sign up!
90-day pause on your mortgage payments