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It’s been a tough couple of years. And with incomes stretched tight, some homeowners may have entered a forbearance on their mortgages. This special agreement between lender and borrower gives homeowners a little breathing room, allowing them to delay or reduce mortgage payments to their lenders over a certain period of time.
Making your monthly mortgage payment probably doesn't top your list of favorite activities but it's certainly a task you don't want to overlook. After all, your home is likely your largest financial investment and with each payment you make you're building equity in your home, which can be a powerful way to build wealth over your lifetime.