Mortgage forbearance does not reduce how much you owe, and the total amount of your deferred or reduced payments must be repaid in the future.
After your forbearance period, you will be required to repay the total of your deferred or reduced payments, plus interest. This may be required to be paid as a lump sum single payment, Talk to your lender!
Forbearance will require you to make larger future payments to repay what you owe, and it may extend the length of your mortgage term.
If you are unable to satisfy the terms of your forbearance, it could lead to foreclosure.
Entering into forbearance may disqualify you from obtaining a new mortgage in the near future, whether to purchase or refinance a home.
It may not be possible to receive forbearance a second time, so it should be saved for when you need it the most.