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  Deferred Interest Definition
Deferred Interest When you have a payment cap on a mortgage or if you have a graduated mortgage plan, your monthly payments on your mortgage may not be enough to cover the interest cost. If this happens, the remaining interest is deferred by adding the amount to the balance of the loan. In most cases, a lender will put a limit on the amount of interest that can be deferred and you will need to eventually increase your payments so that they are large enough to cover the interest that is due.

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