 TITLE: How Does a Repayment Plan Work? CONTENT: Is a Repayment Plan the Right Option for You?\n---------------------------------------------\nEvery student loan borrower must sign up for a repayment plan, but it's up to you to choose the one that matches your lifestyle and financial resources. You can compare federal student loan repayment plan options using the government's Repayment Estimator tool.\nWhen deciding whether to opt for a mortgage repayment plan, first consider whether it's possible for you to refinance your mortgage. If you're only just starting to struggle to make payments, you may qualify to refinance to a new loan with a more affordable monthly payment. You'll avoid missed payments appearing on your credit report, and you'll be able to steer clear of foreclosure.\nIf you don't qualify to refinance, however—particularly if you've already fallen behind on payments—a mortgage repayment plan could be for you. While your negative payment history to date will show up on your credit report, foreclosure would be more damaging. A repayment plan could be the difference between losing and staying in your home, and it's a worthwhile option if you meet the requirements. END