Forbearance
Forbearance is a temporary pause in your mortgage payments. If you’re experiencing a financial hardship, such as a job loss or illness, forbearance can help you stay in your home while you get back on your feet. During forbearance, you won’t have to make any mortgage payments, but interest will continue to accrue. To learn more about forbearance and whether it’s right for you, fill out the form below.
Description
An agreement to suspend or recuce normal monthly payrnents for a fixed period of time. At the end of the forbearance period, the borrower must cure the delinquency through a lump sum payment, repaymert plan or modification.