Interest Only Loans - What You Should Know

Of the many different types of home loans out there, interest only loans are one of the more unusual types. Although they are not much in use any more, you may still run into the option. You should know what they are all about before you even consider one.

Allowing You To Afford More Than You Really Can

What an interest only loan basically does is allow you to afford more of a home than you actually can afford. This trick is pulled off by allowing you to make monthly payments that are only on the interest portion of the mortgage. What that means is that yo ...

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