Forbearance - Kay - Homeowner

What is a Forbearance?

With this option, you and your mortgage company agree to temporarily suspend or reduce your monthly mortgage payments for a specific period of time. This option lets you deal with your short-term financial problems by giving you time to get back on your feet and bring your mortgage current.

Forbearance may be an option if: * You are ineligible or do not want to refinance * You are facing a short-term hardship * You are several months behind on your mortgage payments

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