Forbearance
Forbearance is a short-term agreement where your servicer lets you pause or reduce payments for a set period. It is designed for temporary setbacks, like a medical recovery or a gap between jobs.
The key thing to know
Forbearance is not forgiveness. The paused amount still has to be repaid. Before you agree, ask exactly how and when it will be repaid.
Common ways it ends
- Lump-sum reinstatement of the missed amount
- A repayment plan spread over several months
- A deferral that moves the missed amount to the end of the loan
- A loan modification
When it fits
Forbearance works best when you can clearly see the end of your hardship. If your income has changed for good, a modification or sale may be a better long-term answer.
Keep exploring
Home Preservation Program
A sale with a lease-back and a possible option to repurchase — not a loan or a guarantee.
Learn moreSell Before the Auction
A fast, as-is cash sale that can protect your equity and let you leave on your terms.
Learn moreLoan Modification
Permanently change your loan terms so the monthly payment fits your budget.
Learn moreYou don't have to figure this out alone
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