It is possible to qualify for more than one type of
deferment during the life of your loan.
Not exact matches
The fixed rate assigned to a
loan will never change except as required by law or if you request and qualify for the ACH interest rate reduction benefit (s); ACH interest rate reduction (s) apply when full payments (including both principal and interest) are automatically drafted from a bank account and will remain on the account unless (1) the automatic deduction
of payments is stopped (including times
during deferment or forbearance) or (2) there are three automatic deductions returned for insufficient funds within the
life of the
loan.
The fixed rate assigned to a
loan will never change except as required by law or if you request and qualify for the ACH interest rate reduction benefit (s); ACH interest rate reduction (s) apply when full payments (including both principal and interest) are automatically drafted from a bank account and will remain on the account unless (1) the automatic deduction
of payments is stopped (including times
during deferment or forbearance) or (2) there are three automatic deductions returned for insufficient funds within the
life of the
loan.
This might happen once
during the
life of the
loan when repayment starts, or at intervals, such as after
deferment or on an annual basis.
Interest rate reduction (s) will remain on the account unless (a) the automatic deduction
of payments is stopped (including
during deferment or forbearance) or (b) there are three automatic deductions returned for insufficient funds within the
life of the
loan.
Interest rate reduction (s) will remain on the account unless (1) the automatic deduction
of payments is stopped (including times
during deferment or forbearance) or (2) there are three automatic deductions returned for insufficient funds within the
life of the
loan.