Oh, and it’s erroneous to compare doing this to playing with $0 credit card balance transfer offers to push out a balanced owed on one credit by transferring to one or multiple cards.
Playing the $0 balance transfer offers with credit cards, you arent doing anything to misrepresent your finances in order to play the game, unless you lied on your credit application to get more credit cards. There’s no dishonesty involved in this game.
Trying to take advantage of this mortgage forbearance when you really don’t have a financial hardship is basically misrepresenting your finances IE dishonest. That’s like having a front line ER doctor, living in an area hard hit with a lot of job losses where the majority of the tenants are hourly workers in retail or entertainment who really can’t pay their rent now, telling his landlord he refuses to pay rent for the next 3-4 months because he was financially affected by the coronavirus like everyone else, but in reality he’s working and being paid everyday+overtime. Or someone that rents an AirBnb rental from a host, and on the last day, drops a bunch of bedbugs into the room, intentionally gets bitten, and wants a full refund for his/her stay…. I guess there’s nothing wrong with that too.
