Submitted by Anonymous on Thu, 03/19/2015 - 15:45
will a forbearance work as a deferment for student loans to get a mortgage
will a forbearance work as a deferment for student loans to get a mortgage
i have student loan debt. but i can not get a deferment on them, however, i was asked by my mortgage lender to get a deferment so that it shows that i will have no payments for 13 months.. will a forbearance work the same since it shows that i will have no payments for the 13 months?
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No not the same
a forebearance is an agreement after you miss a bunch of payments - banks dont want to see this when applying for a mortgage
Brian Barnes "TheLoanProfessor"
Brian@AimWithFocus.com
50 State Lending