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Edit Forbearance Agreement

Edit Forbearance Agreement

Aug 6th, 2022

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How to Edit Forbearance Agreement

5 out of 5

72 votes

In this video tutorial, three key terms related to protecting your home are discussed: forbearance agreement, loan modification agreement, and mortgage repayment plan. These terms are often used interchangeably by banks and mortgage servicers, which can lead to confusion or deception by scammers. The host emphasizes the importance of understanding these differences. They start by explaining the mortgage repayment plan, clarifying that it refers to catching up on missed payments rather than repaying the entire loan amount. Instead of focusing on the total loan, it pertains to the total amount currently due. The video aims to provide clarity and tips for homeowners dealing with these options.

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