Tag Archives: Interest Only Mortgage

What is Interest only Mortgage

Interest-only mortgage is a form of mortgage in which the borrower is expected to pay back only the accruing interest and not the principal mortgage amount. The interest only option can last for a few years, though the loan seekers can pay more than just the interest. A mortgage is a loan taken for the purchase of property and the property in question is treated as collateral.

Read full story Comments { 0 }