deferred interest

“ You should try and make sure you know how much the deferred interest will be so that you know how much you owe. ”

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“ Joe's deferred interest kept increasing because after he lost his job, he could no longer afford to cover the interest and principal payment on his home loan. ”

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“ When the economy fell on tough times in 2008, I made the bad choice to accrue deferred interest on my adjustable rate mortgage, and I now owe significantly more than the original value of the loan. ”

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