Valued Member
Posts: 54
Registered: ‎11-05-2011
Re: Trying to figure some things out....
With deferred loans many banks will do 1% of current balance and they do that if your loan payment start is less than the term of your loan. For example, if you owe a total of 19k and your payments will start in 2 years, they would see your payment as $190 and it would be counted because your loan term is 10 yrs and you only have 2 yrs until your deferment is up.