A non-amortized loan in which interest is due at regular intervals until maturity, when the full principal on the loan is due.
Related information about interest-only loan:
- Interest-only loan - Wikipedia, the free encyclopedia
An interest-only loan is a loan in which, for a set term, the borrower pays only the interest on the principal balance, with the principal balance unchanged. At the ...
- Interest-Only Mortgage Tutorial - Mortgage Professor
If you are contemplating an interest-only loan and find immediate payment adjustments in ... Deception 1: An interest-only loan carries a lower interest rate.
- Misperceptions About Interest-Only Mortgage Loans - The Mortgage ...
Apr 8, 2003 ... Misperception 2: It is less costly to amortize an interest-only loan. This is patently ridiculous, but some variant of it keeps popping up in my mail.
- Interest Only Mortgage Calculator Home Loan Mortgages Calculators
Mortgage Calculator. Interest-only loan payment calculator. The rates on interest- only loans can change as often as every month, or may be fixed for a 10-year ...
- Who should get an interest-only mortgage? (Page 1 of 2)
Jun 20, 2002 ... Let's say you borrowed $200,000 at 7 percent. For the first three years, the savings from an interest-only loan would amount to less than $200 ...
- Interest Only Loan (Mortgage) Calculator
Calculator for Interest Only Loans, Calculator for Interest Only Mortgages, Interest Only vs Conventional Mortgage.
- Interest Only Loan | Fifth Third Bank
Interest Only Loan. With an interest only loan*, you pay only monthly interest payments for a fixed term. The lower monthly payment gives you flexibility to invest ...
- HowStuffWorks "How Interest-only Loans Work"
Interest-only loans directly contributed to the huge housing boom in the early 2000s. Find out what an interest-only loan is and how interest-only loans work.