A forbearance plan allows you to catch up on missed payments.

The plan requires a down payment combined with a full payment plus part of the delinquent amount.

You must aggressively negotiate with your lender to obtain a forbearance plan that makes sense for you.

You should contact your lender immediately if you experience a reduction in income.  Apply for a forbearance plan with your lender and get your approval in writing.

However, you must ensure that the repayment plan is affordable. You do not want to desperately agree to a plan that you cannot honor.

The key is to be honest and accurately report your income to negotiate a repayment plan that you can afford.