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Forbearance agreements, repayment plans, and loan modifications are three options for managing mortgage payments. Forbearance temporarily reduces or suspends payments, repayment plans increase monthly payments to catch up, and loan modifications permanently lower payments and bring the loan up to date. Forbearance offers short-term relief, but full payments resume later. During forbearance, foreclosure is typically delayed. Loan modifications are a lasting solution to unaffordable payments.