A Guide to Interest Only

A mortgage is "interest only" if the scheduled monthly mortgage payment the payment the borrower is required to make consists of interest only. The option to pay interest only lasts for a specified period, usually 5 to 10

From A Guide to Interest Only

This entry was posted on Wednesday, December 28th, 2005 at 12:34 pm and is filed under Home Equity Loan Rate, What is a Home Equity Loan. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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