Forbearance

Allows qualified homeowners to pay only a portion (or nothing at all in some cases) of regular mortgage amount for a specific period of time;

- Offset amount will need to be repaid after forbearance is up
- Less impact on credit score than a foreclosure

Repayment Plan

Allows qualified homeowners to catch up on any past-due amount over a specific period of time;

- Less impact on credit score than a foreclosure