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A forbearance agreement, repayment plan, and loan modification each offer different solutions for mortgage payment struggles. In a forbearance agreement, payments are reduced or suspended for a set period. A repayment plan temporarily increases monthly payments to catch up on missed payments. A loan modification lowers monthly payments and brings the loan up to date. While a modification is permanent, forbearance provides short-term relief. During forbearance, the lender won't start foreclosure, but the borrower must resume full payments afterward.