How Exactly Do ‘interest Only’ Mortgage Loans Work? When Do I Pay On The Principle Of Such A Loan?
October 22nd, 2009 at 06:50am Under Loans
I know APR loans are a bad idea, but how would an interest-only loan work? Would it still be a 30 year note, or do they extend the loan? Would I be able to get a fixed rate with an interest-only mortgage loan?