What's the Difference Between Forbearance and Deferment?
Many people who are concerned about making their mortgage payments during the COVID-19 crisis were relieved to hear that their lender might be able to help. Although this is true, make sure you understand the terms of your agreement. It's not free money or a free mortgage payment. Here's a quick overview of some of the options: A mortgage forbearance allows borrowers to temporarily stop making their monthly payments, but be careful! At the end of a forbearance period, genera