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Mortgage - Mortgage Refinance - Mortgage Loans - Adjustable Mortgage

Mortgage Rates - Bad Credit - Mortgage Protection - Interest Only






Interest-only Loans Can Buy More House And More Trouble

They're spreading like wildfire--interest-only mortgages appear to be the panacea for rising home prices and the incomes that can’t quite catch up. You can buy "more house" and have a low mortgage payment and a big tax deduction. Who wouldn’t want one, right? Well, a large number of consumers are getting into these loans when they shouldn’t. Interest-only mortgages work well for some individuals and are dangerous for most others, yet the number of interest-only loans is rising rapidly. ........ Read More

Understanding Interest Only Mortgages

There are currently around 6 million homeowners who have an interest only mortgage. This type of mortgage means that the monthly repayments that you make are just taken off the amount of interest that the mortgage accumulates. The capitol which you borrowed must be paid back when the mortgage has run its terms. The interest only mortgage seems to be very popular with those who are house buying for the first time. Recent research showed that the amount of first time buyers taking out an intere........ Read More

Tips Regarding Interest Only Loans

What are interest-only loans? How are they structured and who are they right for? How do you avoid common mistakes people make when choosing interest-only loans? Loans with the option of paying only the interest every month are called interest-only loans. These loans allow you to pay on the principal balance only when you want to or when it is convenient for you. Most interest-only (IO) loans carry this option to pay the interest only for a limited amount of time, usually from 5 to 10 years. T........ Read More

Re-financing With An Interest Only Mortgage

Interest only mortgages are a relatively new phenomenon in the re-financing industry as well as the home buying industry. While the appeal of an interest only mortgage is typically a greater monthly cash flow, this increased cash flow can come with a hefty price tag. In exchange for more cash flow each month, the homeowner may be sacrificing the ability to obtain a fixed rate mortgage as well as the ability to build equity. This article will further examine these features to provide the reader........ Read More

Interest Only Loan

Interest Only Mortgages is a risky product and does have its disadvantages it a tricky form of mortgage because it can be misleading as the payment is very small for the first 1,2,5,7 or even 10 years. The Interest Only Mortgage will have a balloon payment for the entire principal balance at the end of the loan term. Interest only mortgages might be beneficial for people in markets where houses appreciate rapidly and the plan is to remain in the house for only a couple of years. Interest only........ Read More

Finding An Interest Only Mortgage

An interest only mortgage is a type of mortgage where you will pay only the interest and does not repay the principal amount for a period of time and during this period; the loan balance will remain the same. In twenties this type of loan was normal, as it worked fine as the home did not lose value and the borrower does not lose his job, but when there was depression in thirties that made these loans to get into the foreclosures, and the lenders stopped giving this kind of loans, as they wanted........ Read More

Interested In An Interest Only Loan

You have finally found the property of your dreams. The contract has been signed and you are now in the process of finding exactly how you will be living and paying off the property for the next few years. Your lender may have already contacted you and given you the options. When the question comes up of what kind of loan you want, be prepared for the answer that will benefit you the most. One of the major types of loans that you may be offered is an interest only loan. This loan is g........ Read More

What Is An Interest Only Mortgage

The CML (Council of Mortgage Lenders) show that nearly 6 Million people have received mortgages that are interest only. Interest only mortgages means that your monthly payments are applied only to the interest accrued on the debt and not the actual debt itself. Additionally, the CML has found that many first time home purchasers are seeking interest only mortgages. The number of first time buyers that apply for interest only loans increases each year. Why such a boom in this type of loan? Well r........ Read More

Interest Only Mortgages - Things You Should Know

Interest-Only or “Interest-First” mortgages have been around for quite some time now, but have recently been exploding in popularity. Originally offered primarily in the non-prime market, interest only mortgages are now available as conforming loans and can come as a feature on a wealth of loan programs, including adjustable rate mortgages, 40 and 50 year term loans, stated income loans, and to borrowers with credit scores as low as 540. The first thing you should know about an interest-o........ Read More

Is An Interest Only Mortgage What You Need?

Interest only mortgages are becoming more in demand - now that people are learning about them. Recent changes have made them more popular and it could be just the thing that you need. Here are a few tips that will help you determine if you should get an interest only mortgage. Interest only mortgages give you the opportunity to buy a larger house than you might be able to obtain otherwise. They have an initial period of from 5 to 10 years in which the interest only is being paid. During this ........ Read More

Interest Only Loans – What You Need To Know?

If you are shopping for a house or refinancing, you’ve probably seen ads for interest-only loans. While this type of loan is beneficial for some homebuyers, other homebuyers might regret the decision to take out an interest-only loan. Interest-only (IO) loans are structured so that the borrower pays the interest every month. The borrower is not required to pay on the principal balance, although the borrower does have that option. Usually, this option to pay interest only lasts for a limited ........ Read More

Is An Interest Only Mortgage A Good Idea?

If you are looking for a home but you know that paying a mortgage will be a severe drain on your finances, then perhaps you should look at getting an interest only mortgage. If you are unsure about what an interest only mortgage is and how it can help you, then this article can provide you with some useful tips on getting an interest only mortgage. What is an interest only mortgage? An interest only mortgage is a mortgage where you only pay back the interest on the loan, and none of the capita........ Read More

Interest Only Mortgage Is It For Me ?

Interest Only Mortgages is a risky product and does have its disadvantages. Interest Only mortgages are tricky, because they can be misleading as the payment is very small for the first 1,2,5,7 or even 10 years. Note that for the Interest Only Mortgage you will have a balloon payment for the entire principal balance at the end of the loan term. Interest only mortgages might be beneficial for people in markets where houses appreciate rapidly and the plan is to remain in the house for only........ Read More

Interest Only Mortgage Should I Get One ?

Interest Only Mortgages is a risky product and does have its disadvantages it a tricky form of mortgage because it can be misleading as the payment is very small for the first 1,2,5,7 or even 10 years. The Interest Only Mortgage will have a balloon payment for the entire principal balance at the end of the loan term. Interest only mortgages might be beneficial for people in markets where houses appreciate rapidly and the plan is to remain in the house for only a couple of years. Interest only........ Read More

Is An Interest-only Mortgage For You?

Many people get confused when it comes to interest only mortgages. It’s no wonder. There is actually no such thing as a mortgage which you only pay the interest on. With an interest only mortgage, you still have to pay down the principal on the loan. What you actually get is an interest only payment method which lasts for a set period and then you revert to a more traditional type of mortgage. As you probably know, your mortgage payment mostly goes to pay off the interest; typically 95% of ........ Read More


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Mortgages Articles

Mortgage Mortgage Refinance Mortgage Loans Adjustable Mortgage
Mortgage Rates Bad Credit Mortgage Protection Interest Only
Mortgage Type Mortgage Broker Mortgage Insurance Mortgage Advice
Mortgage Scams Flexible Mortgage Mortgage Crisis Fixed Rate

Mortgages Books

Mortgage Mortgage Refinance Mortgage Loans Adjustable Mortgage
Mortgage Rates Bad Credit Mortgage Protection Interest Only
Mortgage Type Mortgage Broker Mortgage Insurance Mortgage Advice
Mortgage Scams Flexible Mortgage Mortgage Crisis Fixed Rate

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