re: Help me understand the mortgage forbearance agreement

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Questions to ask What options are available to help you temporarily reduce or suspend my payments? Are there forbearance, loan modification, or other options? Can you waive late fees? Get it in writing

Once you’re able to secure forbearance or another mortgage relief option, ask your servicer to provide written documentation that confirms the details of your agreement and that you’re clear on what the terms are. With some forbearance programs, you may owe all of your missed payments at one time, or additional payments at the end of the mortgage might be required, so make sure you’re familiar with the final terms.

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