Which of the following terms describes a temporary reduction or suspension of the mortgage payments for three or four months,followed by a new repayment plan to keep borrowers from foreclosure?

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Forbearance is the term used for a temporary reduction or suspension of mortgage payments for a certain period, followed by a new repayment plan. This is usually done to help borrowers who are struggling financially to prevent them from going into foreclosure. Cramdown refers to a court-approved reduction in the mortgage balance, while reinstatement is the process of bringing a delinquent loan current by paying off any missed payments and fees. Mortgage assistance is a broad term that can cover various programs and options to help homeowners facing financial difficulties.

Which of the Following Terms Describes a Temporary Reduction or Suspension