Is there any option or way of working a mortgage sabatical where you would not owe payments for a year?
I was wondering if you can defer payments on a mortgage for a year or so in exchange for adding the interest on to the principle or some other method that the bank would be willing to accept. I really would like to take a sabatical from work for a year to travel and do charitable work but I dont want to sell my house. I have great credit and I always pay the mortgage on time. Thanks for any responses.