Mortgage Borrowers Coming Out of Forbearance Get More Options

·3 min read

Thankfully, a host of aid was made available to the public -- stimulus checks, boosted unemployment benefits, and mortgage forbearance. During forbearance, homeowners can stop making payments on their mortgages for a preset period of time without it negatively impacting their credit. Forbearance was an option before the pandemic, and it's something loan servicers could approve or deny at will.

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