That's completely different than what I'm talking about. Short term deferrals won't do any good for people who weren't earning income during the deferral period. If you can't pay your mortgage month by month over the next ninety days, how in the hell are you supposed to pay three months at once at the end of this thing? That's just silly. My suggestion was to move those months to the end of the mortgage without penalty, not just defer the payments for a few months. This is how banks make themselves look generous without changing the debt obligation at all. You still owe 90 days worth of payments at the end of the deferral period which does jack shit for most people.
https://www.businessinsider.com/per...ortgage-deferment-coronavirus-pandemic-2020-4
Interest will continue to accrue, and at the end of the 90-day deferment period, you'll have to pay the outstanding balance. It can be financially difficult to make up to 90 days' worth of payments at once, so Chase encourages you to continue making payments if you can.