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Mortgage glossary
Forbearance
A temporary agreement with the loan servicer to pause or reduce payments during an eligible hardship. It does not erase the unpaid amount. The servicer explains how the missed amount will be handled and what options may be available afterward.
In plain language
This term may appear in conversations, forms, or documents during the mortgage process. If something important changes in your situation, ask how it may affect your case before making a decision.
This explanation is general and educational. It is not personalized advice, a loan offer, or a promise of approval.