A forbearance is a temporary pause of your mortgage payment. At Statebridge, the forbearance will last for an initial period of 3 months. Once that time-frame is up, we work to reevaluate your situation and determine the next step, which can be a continuance of your forbearance. If you’re ready to resume payment, we move toward payment options. It’s important to note that a forbearance related to COVID-19 won’t have a negative impact on your credit.