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Jason Hardy of Homestead Financial Mortgage warns against forbearance agreements, emphasizing they are only for those truly at risk of losing their home. Recent developments show many unknowingly getting into forbearance agreements, risking credit card cancellations, credit score damage, and inability to refinance at low mortgage rates. Avoid entering into forbearance unless facing imminent home loss. Remember, forbearance agreements are serious and should not be taken lightly.
