What is Mortgage Forbearance and does it work

Описание: What is Mortgage Forbearance?
If you're facing financial hardship and struggling to pay your mortgage, forbearance might be an option.

👉 Mortgage forbearance is an agreement between you and your lender to temporarily pause or reduce your payments. It doesn’t erase what you owe — it just gives you time to get back on your feet.

Here’s how it works:

✅ You request forbearance from your servicer
✅ They may approve reduced or paused payments for a set period (usually 3–12 months)
✅ At the end, you'll need to repay what's owed — either with a payment plan, lump sum, or by adding it to the end of the loan

📌 It's not automatic — you must apply and get approved.

💡 Tip: Always ask your lender how repayment will work before agreeing to forbearance.

Need help understanding your options? Reach out — we’ve helped homeowners navigate this before. Call or text us at 888-870-044
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