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

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

   Interest-Only Mortgages: Pros and Cons. 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 ...

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

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

   Say you obtain a 30-year interest-only loan for $330,000, with an initial rate of 5.1 percent and an interest-only term of seven years. During the interest-only period, you’d pay roughly $1,403 ...

4. No-closing-cost mortgage: How it works and how to decide if ...

   www.aol.com/finance/no-closing-cost-mortgage...

   It can be, but only after you weigh the pros and cons. Here’s how no-closing-cost mortgages work and how to decide if one is right for you. ... Paying a higher interest rate on your loan: Say ...

5. What is a subprime mortgage? - AOL

   www.aol.com/finance/subprime-mortgage-175324178.html

   With an interest-only loan, the borrower pays only interest during the first few years, typically seven or 10. This could mean smaller monthly payments at first, but no initial payoff of the loan ...

6. Hard money lending: Guide to hard money loans and lenders - AOL

   www.aol.com/finance/hard-money-lending-guide...

   Before you decide to work with a hard money lender, consider the pros and cons of this financing option: Pros of hard money loans. Flexible loan terms: Hard money lenders tend to be flexible when ...

7. Bank statement loan: What is it and who should get one? - AOL

   www.aol.com/finance/bank-statement-loan-one...

   Pros and cons of bank statement mortgages. Bank statement loans give non-traditional income earners the chance to buy a home. Still, they aren’t without drawbacks worth considering when deciding ...

8. Loan modification vs. refinance: Which option is best for you?

   www.aol.com/finance/loan-modification-vs...

   As with any mortgage product, it’s worth evaluating the pros and cons before applying. Pros of refinancing. Lower interest rate: This has been a huge driver of refinances over the years. That ...

9. What is a home equity loan? - AOL

   www.aol.com/finance/home-equity-loan-233534325.html

   Home equity loan pros and cons Pros of home equity loans. Attractive interest rates: ... Because home equity loans only offer a fixed lump sum, you run the risk of borrowing too little. ...