Forbearance is one of your worst choices. The Media keeps telling everyone to simply skip payments, it’s ok with no repercussions. Forbearance will effect your ability to refinance, get a new mortgage, get a credit card, get a car loan for at least 3 to 4 years! You are better off paying your mortgage late than taking forbearance. Forbearance will not show that you are delinquent on your credit report but will show that you took the option for Forbearance which could hurt you for years!