Warning: include() [function.include]: URL file-access is disabled in the server configuration in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78 Warning: include(http://www.hurryloan.com/rightbar.php) [function.include]: failed to open stream: no suitable wrapper could be found in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78 Warning: include() [function.include]: Failed opening 'http://www.hurryloan.com/rightbar.php' for inclusion (include_path='.:/usr/local/share/pear') in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78   Go Back To Search Results Question On defered interest mortgage loans, is the defered interest just added or does it gain interest to? meaning if my balance is $500,000 and i defer $2500, am i now paying interest charges for $502,500? I appreciate your concern, however im earning 30% on what im deffering wich is alot more than what is snowballing By cj Posted on 10/23/07 Total Answers 2 Answers- The deferred interest is added to the principal amount owed. Then you are charged interest on the new principal amount. Answer by : engineer50 On Date 2007-10-23 10:21:50 The interest is being compounded against you. You are now being chased by the snowball of compounding interest. You need to make these payments. Answer by : aecruiser On Date 2007-10-24 15:09:52   Go Back To Search Results