Consumers & Homebuyers

CFPB: Mortgage Forbearance: What Are The Options?

October 1, 2021

What is mortgage forbearance?

Forbearance is when your mortgage servicer or lender allows you to temporarily pay your mortgage at a lower payment or pause paying your mortgage. You will have to pay the payment reduction or the paused payments back later.

Steps on how to request a mortgage forbearance, and the options available to you can be found on the CFPS’s website.

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