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2. 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. After ...

3. What Is An Interest-Only Mortgage? - AOL

   www.aol.com/interest-only-mortgage-190002695.html

   An interest-only mortgage can sound appealing to a potential homebuyer because it is a mortgage loan that requires that you pay only interest — no principal — for the first several years ...

4. 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 ...

5. What Is an Interest-Only Mortgage? - AOL

   www.aol.com/news/interest-only-mortgage...

   Interest-only loans, which require borrowers to pay only the interest on the loan for an initial fixed period, shouldered much of the blame for the flood of foreclosures when the housing bubble burst.

6. Mortgage - Wikipedia

   en.wikipedia.org/wiki/Mortgage

   Where an interest-only mortgage has a fixed term, an interest-only lifetime mortgage will continue for the rest of the mortgagors life. These schemes have proved of interest to people who do like the roll-up effect (compounding) of interest on traditional equity release schemes. They have also proved beneficial to people who had an interest ...

7. UK mortgage terminology - Wikipedia

   en.wikipedia.org/wiki/UK_mortgage_terminology

   The flat amount is calculated so that the whole of the loan has been repaid by the end of the mortgage term. Interest-only mortgage – where the payments to the lender cover the interest only. No capital is repaid, so that the full amount of the loan is still outstanding at the end of the mortgage term.

8. What is a mortgage? A definitive guide for aspiring homeowners

   www.aol.com/finance/mortgage-definitive-guide...

   Mortgage payments typically include both interest and principal payments (although there are interest-only mortgages), as well as escrow payments to cover property taxes and homeowners insurance.

9. Negative amortization - Wikipedia

   en.wikipedia.org/wiki/Negative_amortization

   A 10-year interest only mortgage product, recasting to a 20-year amortization schedule (after ten years of interest-only payments) could see a payment increase of up to $600 on a balance of 330K. Negative amortization mortgage: no payment jump either until 5 years OR the balance grows 15% (depending on the product) higher than the original amount.