A temporary reduction or suspension of your mortgage payments for three or four months followed by a new repayment plan is called a

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A temporary reduction or suspension of mortgage payments for a certain period followed by a new repayment plan is called forbearance. It is usually used by homeowners who are experiencing financial difficulties or temporary hardships to avoid defaulting on their mortgage payments. Reinstatement refers to bringing the loan current by paying off all the past-due amounts, and a new payment plan is a general term that could refer to any new arrangement for repaying the mortgage loan.

A Temporary Reduction or Suspension of Your Mortgage Payments for Three