Mortgage Forbearance Options

Many households were offered mortgage forbearances to defer loan payments while their income was reduced during COVID. People are now at the end of their forbearance period, and will need to make a decision about how to repay the skipped payments.

Options may include a loan modification to reduce payments or place delinquent payments at the end of your loan. Or, you may qualify for mortgage assistance programs through the city of Albany and town of Colonie.

To learn about forbearance exit options, sign up for a free 30 minute consultation with housing advisor Tracy Petersen. Foreclosure prevention services are free of charge thanks to funding from the New York State Attorney General’s Homeowner Protection Program. Our experienced housing advisor will help you negotiate with your lender and connect you with free legal services. Our program is HUD certified.