If you would like a payment on the mortgage that is lower than what you could can get on a fixed-rate loan, you could be enticed by the interest-only home loan. By not making major re payments for quite some time at the start of your loan term, you’ll have better cash flow that is monthly.
Exactly what takes place whenever the interest-only period is up? Who provides these loans? So when does it seem sensible to have one? (more…)