Life’s challenges, from job loss to unexpected expenses or natural disasters, can make staying on top of mortgage payments difficult. Mortgage forbearance offers homeowners a vital safety net, allowing them to temporarily pause or reduce payments during tough times. While forbearance gained prominence during the pandemic, it remains available today for those facing financial hardships, including those affected by recent natural disasters. By providing breathing room to regain financial stability, forbearance helps prevent missed payments and foreclosure. If you’re struggling, contact your lender to explore this option and learn how it can help you navigate challenging moments.
