CARES Act Mortgage Forbearance: What You Need to Know

CARES Act Mortgage Forbearance: What You Need to Know | Consumer Financial Protection Bureau

Forbearance is when your mortgage servicer, that's the company that sends your mortgage statement and manages your loan, or lender allows you to pause or reduce your payments for a limited period of time. Forbearance does not erase what you owe. You'll have to repay any missed or reduced payments in the future.