Repayment Plan

Repayment Plan

A repayment plan is a structured way to make up your missed mortgage loan payments over a certain period of time. This is a type of loss mitigation. If you have trouble making your mortgage payments, your lender or servicer may allow you to enter into a repayment plan (cfp b.gov/askcfpb/268). Before entering into a repayment plan, make sure you understand the requirements of the plan and whether you will be able to make the new payments.