A forbearance is a temporary suspension of your monthly mortgage payment. During the forbearance period, your payments are suspended for a set period of time. However, if you are able to make partial payments, it will reduce the amount due at the end of the forbearance period.

Important note: At the end of the forbearance period, all suspended payments will be become due.



Additional assistance options may also be available to you:

Repayment Plan: The total amount of suspended payments is spread out over future payments until the full amount is repaid.
Payment Deferral: Deferment of suspended or past due principal and interest payments as a non-interest bearing balance, due and payable at maturity of the mortgage loan, or earlier upon the sale or transfer of the property, refinance of the mortgage loan or payoff of the unpaid principal balance and any unpaid fees.
Loan Modification: Permanently change the terms of your mortgage to bring it current.