KNOWLEDGE BASE

What is a forbearance plan?

A forbearance plan is an agreement that can help borrowers experiencing a temporary hardship. The plan suspends all, or part of, the mortgage payments for an agreed-upon duration.

While the plan is in effect:

  • The interest still accrues as originally agreed to when the home loan was approved.
  • You’ll receive monthly statements, but you're not required to make a payment.

Visit our Mortgage Assistance and Payment Help page for more information.