Interest Only Loan Articles

What is an Interest-Only Mortgage?
With an interest-only mortgage, the borrower takes out a 30-year mortgage, electing to pay interest only for a set period, such as 3, 5, 7 or 10 years. . After the end of the interest-only period, the monthly payments readjust to include the principal, and the loan is...

5 Interest-Only Mortgage Considerations
Is an interest-only mortgage right for you? With an interest-only mortgage, borrowers have the option of paying each month only the amount of the interest that has accrued. . Since borrowers aren't required to pay anything towards the capital, less of each...