what is the difference of grace period and deferment? answer please
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what is the difference of grace period and deferment? answer please
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Answer:
Key Takeaways. Both grace periods and deferments are periods of time during which a borrower does not have to pay a lender money toward a loan. Grace periods tend to be built into loan terms, whereas most deferments require application and documentation.
Answer:
Key Takeaways. Both grace periods and deferments are periods of time during which a borrower does not have to pay a lender money toward a loan. Grace periods tend to be built into loan terms, whereas most deferments require application and documentation.