What are the terms and conditions of a deferred payment loan mortgage?

A deferred payment loan mortgage allows borrowers to delay making payments for a certain period, typically at the beginning of the loan term. However, interest continues to accrue during this time. Once the deferral period ends, the borrower must start making regular payments, which may be higher to account for the accrued interest. It's important to carefully review and understand the terms and conditions of a deferred payment loan mortgage before agreeing to it.