Forbearance Awareness! (Borrower Beware)

We have offers coming at us for forbearance on our student loans and mortgages. Listen in- as it has some pitfalls. Major need to know: if you are in forbearance for your mortgage, you may need to pay 3 months of on time payments after the forbearance in order to refinance or get a purchase mortgage loan. Also, a forbearance can effect your score, even though you are not late! Just the act of listing it as a forbearance can negatively impact your score. You need to know a few facts. Give me 8 minutes, I will give you great nuggets of info!