Covid 19 forbearance to pay down principle

[Ezekiel Hagans]

Hi All,

I'm considering taking mortgage forbearance so that I can add to my savings to pay off my house without penalty. I've been saving for months, but I'm thinking that if I can redirect my monthly mortgage payments to my savings, when the forbearance ends I could pay a large lump sum towards the principle.

It appears that the interest and payments can be added to the end of the loan, so if I can save what I would normally pay on my mortgage I should be able to pay off my house in less than a year.

I haven't been able to find any information about others doing something similar so I wanted to ask if anyone is familiar enough with how forbearance and interest works to help answer this question.