Forbearance Agreements

The Mortgage Help Center can help you understand your forbearance agreement and what to do when it ends.

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Mortgage forbearance is a type of relief from your mortgage lender that allows you to stop making payments for a certain period of time. It is not a loan modification. During this time, interest and fees will still accrue, but you won’t have to worry about making payments or having your home foreclosed on. A forbearance agreement is an important tool for homeowners who are struggling to make payments due to a financial hardship. Examples of financial hardships that may qualify for forbearance include illness, job loss, medical bills, and high housing expenses.

In order to qualify, the borrower must submit an application to the lender and demonstrate that they are unable to make payments. Once an application is approved, the lender will agree to postpone payments for a certain period of time, typically three to six months. During this period, interest and fees will still be added to the balance of the loan, but the borrower will not be responsible for making payments. With a forbearance plan, you can lower or stop making your mortgage payment while you get your finances back on track. At the end of the forbearance period you will have to pay the outstanding balance, agree to a payment plan or get a loan modification. Other options include bankruptcy, selling your property or a part of it with equity sharing. We can help you navigate the turmoil. Contact us today if you have reached the end of your forbearance period. Sample Forbearance Agreement.

E McCoy Springfield, MA, Mr Cooper

Thanks for the help!

Mortgage Help Center is awesome! They helped me with the paper work to make sure I could change my mortgage to include all the back payments and fees. I’m so happy they helped me keep my house. I’m not in foreclosure anymore and have a long term solution.

W Russell , Tulsa, OK

Mortgage Help Center provided excellent service

Mortgage Help Center provided excellent service throughout the entire loan modification process. Their staff was always available to answer my questions, and they made sure I understood everything that was happening. Thanks to their help, I was able to keep my home and stay on top of my mortgage payments. I would recommend Mortgage Help Center to anyone who needs assistance with their mortgage

C Bonds , Roanoke, VA

Customer Service, Timeliness, Offerings, Other, Quality

I am very please for the help that I am receiving

M Curtis , Bradenton, FL

Excellent Customer Service, Timeliness, Offerings, Quality

It’s was nice working with a competent people like Christa and Pat both very professional thank you very much for helping us save our home 😁🇺🇸

H Caldron , Chicago, IL

Practical solutions tailored to my specific situation.

Their expertise, compassion, and dedication are genuinely admirable. I can’t thank the Mortgage Help Center enough for their assistance during a challenging time.

Kellie Hoke , Draper, VA

PAT AND CHRISTA

Between Pat and Christa they gave me peace of mind to know someone was on my side helping me.

Sandra Davino Thompson ct, Shellpoint

AMAZING

Pat is absolutely amazing and he took all the fear and stress from us and made sure we knew we weren’t alone and had help every step of the way

Rebecca Fowler Oskaloosa Iowa, Loan Care

So far I am happy but I’m not done with the process yet.

Mr Banks is very nice and helpful. He seems like her cares.