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Mortgage Community Forums | Loan Talk for First Time Home Buyers | If I defer a mortgage payment or two to the end of my loan, what happens to the interest and principal for those payments?

If I defer a mortgage payment or two to the end of my loan, what happens to the interest and principal for those payments?

Posted on: 31st Jan, 2011 02:08 pm
Can the last payment be a balloon? Is it permissible to capitalize the deferred interest?

What kind of disclosures are required by the mortgage loan servicer?
The last payment can be balloon. As far as the disclosures are concerned, have a word with your attorney and he will be able to help you in this regard.
Anonymous
Posted on: 02nd Feb, 2011 01:57 am
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