3 Things About Mortgage Forbearance Every Homeowner Should Know
Are you struggling to make your mortgage payment right now and need some additional assistance? If so, you should know that there have recently been laws passed regarding mortgage forbearance in the CARES Act, which are designed to give homeowners the relief they need during these hard times. Here are a few common questions you're likely to have about it. What Is Mortgage Forbearance? Mortgage forbearance is a process that allows you to reduce how much you own each month on your mortgage, or completely pause payments for a short amount of time.