Current Events > My mortgage is offering payment deferral; what's the downside here?

Topic List	Page List: 1
IdiotMachine 04/07/20 11:57:53 AM #1:	Deferment of suspended, current, or past due principal and interest payments as a non-interest bearing balance, due and payable at maturity of the mortgage loan, or earlier upon the sale or transfer of the property, refinance of the mortgage loan or payoff of the unpaid principal balance and any unpaid fees. So I can pause my payments for like 6 months, and pay that back at the end of the loan in one lump sum with no interest? Why would I not do this? --- https://imgur.com/XNEdLrJ <cite>IdiotMachine posted [p:936946039] in My mortgag... [t:78553433]...</cite> <quote><quote>Deferment of suspended, current, or past due principal and interest payments as a non-interest bearing balance, due and payable at maturity of the mortgage loan, or earlier upon the sale or transfer of the property, refinance of the mortgage loan or payoff of the unpaid principal balance and any unpaid fees.</quote> So I can pause my payments for like 6 months, and pay that back at the end of the loan in one lump sum with no interest? Why would I not do this? </quote> ... Copied to Clipboard!
CrazyandLazy 04/07/20 12:15:50 PM #2:	If it's too good to be true, it probably is. Surprise, hidden fees and decreases to credit score? <cite>CrazyandLazy posted [p:936946960] in My mortgag... [t:78553433]...</cite> <quote>If it's too good to be true, it probably is. Surprise, hidden fees and decreases to credit score? </quote> ... Copied to Clipboard!
Topic List	Page List: 1