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Small Creditor and payments in deferral

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  • #4380
    wp27
    Participant

    Is there any guidance on how we should treat deferred payments under the small creditor QM? I know there is guidance in Appendix Q, but I can’t find anything outside of that….right now, we amortize them out over 15 years at 5% and use that payment, looks like the Appendix Q guidelines are less strict….

    #4383
    rcooper
    Keymaster

    Are you talking about deferred payment on other debt obligations when doing underwriting?

    #4384
    wp27
    Participant

    Yes, sorry I didn’t clarify…like on student loans…

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