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DHHL extends mortgage loan payment deferrals until end of year

The Hawaiian Homes Commission extended the deferral of mortgage loan payments for all Department of Hawaiian Home Lands direct loans and loans assigned to the department for an additional three-month period, effective with the October 2020 payment.

Commissioners approved the extension during the commission’s September meeting.

The deferment is an auto-enrolled postponement. If a borrower decides to continue making payments during the deferral period, DHHL will process the payment as in the normal course of business. As with the initial deferment, interest will continue to accrue during the postponement period; however, no late fees will be added.

The billing of payments will resume in January 2021.

For information, call (808) 620-9500. If you have a loan with an outside lender and are facing financial hardship because of COVID-19, DHHL encourages you to contact your provider as soon as possible.
Source: Hawaii Tribune Herald

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