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2. 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 ...

3. 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 ...

4. 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 ...

5. How to calculate loan payments and costs - AOL

   www.aol.com/finance/calculate-loan-payments...

   The type of loan (interest-only or amortizing) will determine the loan payment formula and how interest is calculated. Using a loan calculator can help determine the exact monthly payments for a ...

6. Interest - Wikipedia

   en.wikipedia.org/wiki/Interest

   Payments remain constant over the life of the loan; however, payments are allocated to interest in progressively smaller amounts. In a one-year loan, in the first month, 12/78 of all interest owed over the life of the loan is due; in the second month, 11/78; progressing to the twelfth month where only 1/78 of all interest is due.

7. Loan - Wikipedia

   en.wikipedia.org/wiki/Loan

   A subsidized loan is a loan on which the interest is reduced by an explicit or hidden subsidy. In the context of college loans in the United States, it refers to a loan on which no interest is accrued while a student remains enrolled in education. [3]