Finance
Mortgage forbearance allows a borrower to:
APermanently reduce their interest rate
BTemporarily suspend or reduce mortgage payments during financial hardship✓ Correct
CRefinance without income verification
DEliminate PMI
Explanation
Mortgage forbearance is an agreement between a lender and borrower to temporarily suspend or reduce payments during a period of financial hardship, with the deferred amounts repaid later.
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