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That's how it works in the UK. Mortgages that are paused are either extended (rare) or have the interest and additional principal rolled into future payments. I
by Mvandenbergh 6y ago
That's how it works in the UK. Mortgages that are paused are either extended (rare) or have the interest and additional principal rolled into future payments. It doesn't work so well for shorter loans though because the payments get very high.
- brummm 6y agoThat's not what the poster above you meant, though. He specifically said the deferment period should be interest free.