How exactly do ‘interest only’ mortgage loans work? When do I pay on the principle of such a loan?
Saturday, October 25th, 2008
ronidl76 asked:
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?
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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?
Create a video blog…instantly.