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• A temporary period of time during which a regular monthly mortgage payment is reduced or suspended.

  National Credit Union Administration - Cite This Source - This Definition
  ×

  Cite Definition for Forbearance

  American Psychological Association (APA)

  Forbearance. (n.d.). Pocket Cents Glossary. Retrieved April 1, 2023, from website: http://www.expertglossary.com/definition/forbearance.

  Chicago Manual of Style (CMS)

  Forbearance. www.mycreditunion.gov. Pocket Cents Glossary. National Credit Union Administration. http://www.expertglossary.com/definition/forbearance (accessed: April 1, 2023).

  Modern Language Association (MLA)

  "Forbearance." Pocket Cents Glossary. National Credit Union Administration. 1 April. 2023 http://www.expertglossary.com/definition/forbearance.

• Browse Related Terms: Billing Cycle, Forbearance, Periodic statement, Preauthorized electronic fund transfers

All > Business > Finance > Personal Finance > Mortgage

• a temporary period of time during which a regular monthly mortgage payment is reduced or suspended

  Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program - Cite This Source - This Definition
  ×

  Cite Definition for Forbearance

  American Psychological Association (APA)

  Forbearance. (n.d.). Making Home Affordable Glossary. Retrieved April 1, 2023, from website: http://www.expertglossary.com/definition/forbearance.

  Chicago Manual of Style (CMS)

  Forbearance. www.makinghomeaffordable.gov. Making Home Affordable Glossary. Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program. http://www.expertglossary.com/definition/forbearance (accessed: April 1, 2023).

  Modern Language Association (MLA)

  "Forbearance." Making Home Affordable Glossary. Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program. 1 April. 2023 http://www.expertglossary.com/definition/forbearance.

• Browse Related Terms: Chapter 13 Bankruptcy, Debt-to-income (DTI), Escrow, Escrow Account, Escrow Analysis, Forbearance, Home Affordable Unemployment Program (UP), Housing expense, Monthly Gross Income (MGI), Mortgage Payment, Mortgage Payment Guideline, Pricipal, interest, taxes, insurance and homeowners association dues (PITIA), Primary or Principal Residence, Repayment Plan, Servicer, Underwriting

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