Facing the Mortgage Crisis | KETC | What Is Forbearance?

A forbearance agreement is an agreement reached between you and your lender to alter your payment schedule, change the amount of your payment, or in rare cases an agreement to allow you to skip a payment. Regardless of the agreement reached, always be sure to get the a document in writing, and be sure it clearly spells out what was decided. If you have more questions, you can call the United Way's helpline at 1-800-427-4626 or 2-1-1 for information about trusted community resources in the Greater St. Louis area you can turn to.

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