What’s a Mortgage Repayment Plan?

If you’re having trouble with your mortgage payments because of past due amounts and mounting late fees, you may feel like you can’t catch up. To help get you back on track, you might be eligible for a repayment plan.

A repayment plan lets you spread out your past due amount—added on to your current mortgage payments—over several months in order to bring your mortgage current. This helps you bring your mortgage current and resolve your delinquency.

How It Works

If you qualify for a repayment plan, typically your past-due amount will be spread out over a set time frame (e.g., 3, 6, 9 months) and added on to your existing mortgage payments. Other repayment terms may also be available during the repayment period (check with your mortgage company for details on your specific options).

Your mortgage company may have you sign an agreement that will outline how you are going to repay your past-due amount, such as the length of the repayment period and the specific terms.

Payment Plan

Our repayment plan calculator can help you with general information regarding options to help you catch up on past due payments. The results should only be used as one of many factors in evaluating your options. Your mortgage company may use different information to determine eligibility and your individual results may vary from the results.

If you’re interested in a repayment plan, contact your mortgage company or a Fannie Mae Mortgage Help Center. Tell them you are interested in a repayment plan and you want to see if you qualify.

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