Question

 What is an interest only mortgage?

Answer An interest only mortgage allows a homebuyer to pay only the interest on her mortgage loan for a specified period of time, often between three and 10 years.Adjustable Interest RatesThe interest rat... Read More »
http://www.answerbag.com/q_view/1959617

Top Q&A For: What is an interest only mortgage

Is interest paid on a time share condo deductible as mortgage interest?

According to the IRS, mortgage interest from a timeshare condominium is considered qualified residence interest that is tax deductible as long as the owner uses the condominium as a second home for... Read More »
http://www.answerbag.com/q_view/2123405

Is mortgage interest figured differently than revolving interest?

Mortgage interest rates are calculated differently than revolving rates, because property secures mortgages. Banks can foreclose or seize real estate to make good on missed payments. Revolving debt... Read More »
http://www.answerbag.com/q_view/2108744

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

Does a simple interest mortgage charge interest?

A simple interest mortgage does charge interest, but it is calculated differently that on a traditional mortgage. Simple interest is based on the balance of the loan each day, as opposed to each mo... Read More »
http://www.answerbag.com/q_view/2223294


feedback
loading