sallie mae loan

Hi Sonya,

Welcome to the forums. Forbearance is the period when lender allows the borrower to postpone his payment towards the principal amount for a temporary period of time. During this period, the interest charges will continue to accrue on all types of loans.

The borrower is required to pay the interest charges during the forbearance period. Usually the lenders grant forbearance to the borrowers at their own discretion and on situations when it becomes too tough for him to pay the principal amount. It can also be done on unusual circumstances when the borrower is unable to qualify for a deferment.

Regards
Roxette

This will be my second time moving in two years because the owner refuse to tell us he was selling the house. 2. Now where i live the owner has actualyy walked away we haven't heard from him in two months and had the nreve to say it would be a good thing if we can but the house. Need help in finding which bank or banks own the house. If you can help me find the bank so i dont have to move again. The funny part is that i just got approved for an first home owners loan for a small condo, which i should be greatful, but its too small. Please help stear me in the right direction.