Why you should think twice about delaying your mortgage payments
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Rob Allen and his friends used to talk about sports all the time. These days, the main topic of conversation is mortgage forbearance.
Forbearance, an agreement with your mortgage company that allows you to reduce or delay payments for a set time, is a possible remedy for homeowners unable to cover costs because of the coronavirus pandemic. In recent weeks, many of Allen's friends have lost their jobs, seen their income drop or have tenants unable to make rent and they are now struggling to pay their mortgage.