
Mortgage deferment: What it is and how it differs from forbearance
Although used interchangeably, deferment isn’t the same as forbearance.
Allison Martin is a contributor to Bankrate covering personal finance, including taxes, mortgages, auto loans and small business loans. Martin’s work began over 10 years ago as a digital content strategist, and she’s since been published in several leading outlets, including The Wall Street Journal, MSN Money, MoneyTalksNews, Investopedia, Experian and Credit.com. Martin, a Certified Financial Education Instructor (CFE), also shares her passion for financial literacy and entrepreneurship with others through interactive workshops and programs.
Although used interchangeably, deferment isn’t the same as forbearance.
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