The forbearance could come with some potentially negative side effects :

• Your credit score may go down due to the absence of a mortgage payment on the loan. The credit report will not show that you are late but it will indicate a forbearance and the absence of the positive monthly payments could affect scores .
• After a forbearance is completed you would typically have to make 12 on time payments before you could qualify for any future mortgage loans. Both for refinancing and purchasing. So if you are thinking of doing this but don’t really need to then you should consider this consequence.
• The mortgage payments and the interest are transferred to the back of the loan typically but you must also be aware that the portion of the payment that you normally pay towards taxes and insurance are being paid by your servicer during forbearance so you will often have a shortage to make up on these items down the road.