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 Is an interest-only mortgage loan a smart move?

Answer On One Hand: Recognized BenefitsInterest-only mortgages can offer many upfront benefits. Borrowers only pay on the interest of a loan early on, providing a window of opportunity to save so they can... Read More »
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Top Q&A For: Is an interest-only mortgage loan a smart move

How does an interest-only mortgage loan work?

Traditional mortgages have principal-plus-interest payments, which pay the accrued interest in full, then reduce the principal owed each month. In contrast, interest-only loans only pay off the acc... Read More »
http://www.answerbag.com/q_view/1963909

Why an Interest-Only Mortgage Loan Sounds Attractive?

In real estate today, it is common for people to purchase a new home with a mortgage loan. Mortgage loans can be structured in many ways, some of which appear more attractive than they are in the ... Read More »
http://www.ehow.com/about_6366685_interest_only-mortgage-loan-sounds-attractive.html

What Is a Reverse Mortgage Line of Credit Interest-Only Loan?

Reverse, line-of-credit and interest-only mortgages are three separate kinds of mortgages. However, they are not mutually exclusive--a mortgage can very well be all three at once.
http://www.ehow.com/facts_6850787_reverse-line-credit-interest_only-loan_.html

Who Do You Talk With to Get an Interest-Only Mortgage Changed to a Fixed Rate Mortgage?

Interest-only mortgages are considered to be one of the riskiest types of home loans on the market. If you have an interest-only loan, you can take the necessary steps to convert it into a fixed ra... Read More »
http://www.ehow.com/about_7351411_do-changed-fixed-rate-mortgage_.html


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