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by russharv63 on February 13th, 2007

russharv63

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Is their a type of loan where you can defer payments for the first couple of months? For example, you don't start making the payments until after the first 3-6 months. Are their loans that you can do this with?

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  • by This Daley has a new bundle of joy on February 13th, 2007

    This Daley has a new bundle of joy

    A you referring to a consumer loan or a mortgage or a car loan?

    There are some loans out there that let you defer payment but their interest rates are usually higher. Balloon and negative amortization mortgages allow you to make really small payments at first and then build up, but they can be tricky unless you know what you are getting in to.

    You may be able to find some special deal on a credit card that would allow you to take cash and then delay repayment for a grace period.

    If you need to do home improvements or home construction, there are special loans for that which delay repayment based on when the work is done or by what they call a "project date".

    Totally depends what you are looking for.

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  • by Namaste formerly future_health_educator on February 13th, 2007

    Namaste formerly future_health_educator

    Subsidized education loans allow you to defer payment until you finish school.

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