Tag Archive for: interest-only

Payment Relief Loans: Interest-Only; 40-Year Amortization; Buydowns; Graduated Payment Loans; Overrated?

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Buyers are desperately looking for payment relief options right now in today’s high-rate environment. But many of the options available come with higher interest rates that not only offset the relief, but they also come with payments that are actually higher!Read More

What Are Interest-Only Mortgages and How Do They Work?

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An interest-only (I/O) mortgage is a type of mortgage in which the borrower is only required to make interest payments for a set initial period. Interest-only mortgages can be helpful for several reasons, but it is important to understand the pros and cons when determining if this loan type is a good fit for you.Read More

When Interest-Only Loans Are A Good Idea

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INTEREST-ONLY “STIGMA” An “interest-only mortgage,” as the name implies, is a loan where the payments include only accrued interest – and no principal paydowns or amortization. Such loans had an […]Read More