Forbearance

Dictionary Says

Definition of 'Forbearance'

A postponement of loan payments, granted by a lender or creditor, for a temporary period of time. This is done to give the borrower time to make up for overdue payments.
Investopedia Says

Investopedia explains 'Forbearance'

Basically, forbearance allows the borrower to put a temporary hold on his or her monthly payments, usually for up to one year. Forbearance is common for unemployed people with outstanding student loans.
Search results for

'Forbearance'

  • Student Loans: Repayment During Financial Hardship | Investopedia

    http://www.investopedia.com/university/student-loans/student-loans5.asp
    ... Federal Loan Forbearance and Deferment: Your Built-In Safety Net The team within
    the federal government who designed the student loan system would like you to ...
  • 5 Ways To Avoid Foreclosure - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0911/5-Ways-To-Avoid-Foreclosure.aspx
    ... Forbearance A forbearance often goes hand-in-hand with a repayment plan or
    a loan modification. A forbearance is an agreement between ...
  • Saving Your Home From Foreclosure

    http://www.investopedia.com/articles/pf/07/avoid_foreclosure.asp
    ... Special Forbearance Sometimes, a short-term financial hitch like medical emergency
    or a decrease in income may not allow you to make mortgage payments on time. ...
  • An Introduction To Perkins Loans

    http://www.investopedia.com/articles/younginvestors/11/everything-you-need-to-know-perkins-loans.asp
    ... Forbearance or deferment of your loan is also a possibility. You may even qualify
    for a total loan cancellation under certain circumstances. ...
  • Are The Volunteer Corps Right For You?

    http://www.investopedia.com/articles/younginvestors/07/join-the-corps.asp
    ... Also, if you're participating in loan forbearance (or postponing loan payments),
    you should know that any interest relief paid by your program will also be ...
  • Fend Off Foreclosure - With Bankruptcy? - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0110/Fend-Off-Foreclosure---With-Bankruptcy.aspx
    ... Your lender may provide temporary forbearance during which time you can make only
    partial payments or not have to pay at all, followed by a period of time ...
  • The New Mortgage Business: More Than Just Loans

    http://www.investopedia.com/articles/mortgages-real-estate/09/new-mortgage-business-loss-mitigation.asp
    ... Loss mitigation activities include the short sale or refinance, ie negotiating and
    originating a reduced principal payoff; forbearance agreements, where ...
  • Student Loans: Federal Loan Consolidation | Investopedia

    http://www.investopedia.com/university/student-loans/student-loans7.asp
    ... and you can continue to build your number of on-time payments toward the 36 required
    for the interest rate reduction after your deferment or forbearance expires ...
  • Can You Dispute A Foreclosure? - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1010/Can-You-Dispute-A-Foreclosure.aspx
    ... Forbearance - Your payments could be reduced or suspended for a certain time and
    then you can repay the missing payments with incremental sums or a lump sum. ...
  • Top 6 Fellowship Programs That Pay Off - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1011/Top-6-Fellowship-Programs-That-Pay-Off.aspx
    ... Compensation: Salary between $30,000 and $51,000, health insurance, retirement benefits,
    education award, loan forbearance and paid interest, educator discounts ...

Related Articles

Bank Rates
Product Today Last Wk
$10K MMA 0.50% 0.51%
MMA 0.45% 0.46%
6 Month CD 0.46% 0.47%
1 Year CD 0.70% 0.75%
5 Year CD 1.46% 1.46%
1 Year Jumbo CD 0.66% 0.67%
Rate data provided by Bankrate
Product Today Last Wk
$30K HELOC 4.59% 4.60%
$30K Home Equity Loan 5.74% 5.77%
$50K Home Equity Loan 5.45% 5.50%
$50K HELOC 4.24% 4.24%
$100K Home Equity Loan 5.41% 5.46%
$100K HELOC 4.13% 4.13%
Rate data provided by Bankrate
Product Today Last Wk
30 Year Fixed 3.80% 3.80%
15 Year Fixed 3.09% 3.11%
1 Year ARM 3.54% 3.53%
30 Year Fixed Jumbo 4.38% 4.38%
5/1 ARM 2.65% 2.69%
3/1 ARM 2.69% 2.69%
Rate data provided by Bankrate
Product Today Last Wk
60 Month Used Car Loan 4.51% 4.51%
48 Month Used Car Loan 4.35% 4.35%
48 Month New Car Loan 3.24% 3.24%
36 Month Used Car Loan 4.34% 4.36%
36 Month New Car Loan 3.11% 3.13%
60 Month New Car Loan 3.35% 3.34%
Rate data provided by Bankrate
Partner Links