Finance
Mortgage forbearance in Nebraska allows a borrower to:
APermanently eliminate missed payments
BTemporarily pause or reduce mortgage payments with the lender's agreement, with payments made up later✓ Correct
CConvert a fixed-rate loan to an adjustable-rate loan
DTransfer the mortgage to a new borrower
Explanation
Forbearance is a temporary arrangement where the lender agrees to reduce or suspend mortgage payments for a set period. The missed payments are not forgiven — they must be repaid later through a repayment plan or modification.
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