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2. Mortgage - Wikipedia

   en.wikipedia.org/wiki/Mortgage

   The main alternative to a principal and interest mortgage is an interest-only mortgage, where the principal is not repaid throughout the term. This type of mortgage is common in the UK, especially when associated with a regular investment plan.

3. Adjustable-rate mortgages: What they are and how they work - AOL

   www.aol.com/finance/adjustable-rate-mortgages...

   Along with these common loan terms, there are three main types of ARMs: hybrid, interest-only and payment-option. Hybrid ARM A hybrid ARM is the traditional adjustable-rate mortgage.

4. Adjustable-rate mortgage - Wikipedia

   en.wikipedia.org/wiki/Adjustable-rate_mortgage

   This type of loan allows a borrower to choose their monthly payment from several options. These payment options usually include the option to pay at the 30-year level, 15-year level, interest only level, and a minimum payment level. The minimum payment level is usually lower than the interest only payment. This type of loan can result in ...

5. What is an interest-only mortgage and how does it work? - AOL

   www.aol.com/finance/interest-only-mortgage-does...

   An interest-only mortgage is a home loan that allows borrowers to make interest-only payments for a set amount of time, typically between seven and 10 years, at the start of a 30-year term.

6. Alternative Mortgage Transaction Parity Act of 1982 - Wikipedia

   en.wikipedia.org/wiki/Alternative_Mortgage...

   Balloon payment mortgages have a large payment remaining when the loan comes due. Interest-only mortgages only require the borrower to pay the interest on the principal balance for the first years of the loan. [1] The United States House of Representatives passed H.R.3915 "The Mortgage Reform and Anti-Predatory Lending Act of 2007" in November ...

7. 5 types of mortgage loans for homebuyers - AOL

   www.aol.com/finance/5-types-mortgage-loans...

   Learn more: All about interest-only mortgages. Piggyback loans. A piggyback loan, also referred to as an 80/10/10 loan, involves two loans: one for 80 percent of the home price and another for 10 ...

8. Interest-only loan - Wikipedia

   en.wikipedia.org/wiki/Interest-only_loan

   An interest-only loan is a loan in which the borrower pays only the interest for some or all of the term, with the principal balance unchanged during the interest-only period. At the end of the interest-only term the borrower must renegotiate another interest-only mortgage, [ 1 ] pay the principal, or, if previously agreed, convert the loan to ...

9. Common types of installment loans and their best uses - AOL

   www.aol.com/finance/common-types-installment...

   There are five types of mortgages, including fixed-and adjustable-rate options, jumbo loans, government-insured mortgages and conventional loans. Mortgages come in 15- and 30-year options.