Finance
Vermont's mortgage forbearance agreement allows a borrower in temporary financial hardship to:
APermanently reduce their interest rate
BTemporarily reduce or suspend mortgage payments without triggering foreclosure✓ Correct
CTransfer the mortgage to another borrower
DRefinance at a lower rate automatically
Explanation
A forbearance agreement is an arrangement where the lender agrees to temporarily reduce or suspend the borrower's payments during a hardship period, with the understanding that missed payments will be repaid later.
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