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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...

   Fewer lenders offer them, and banks have set stricter requirements to qualify. Banks generally only offer an interest-only mortgage to a well-qualified borrower. You’ll likely need:

3. Best mortgage lenders of November 2024 - AOL

   www.aol.com/finance/best-mortgage-lenders...

   In addition to the more common loans, the company also offers interest-only loans, flexible mortgages they’ve dubbed “I CAN” loans with repayment terms ranging from eight to 30 years, and more.

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

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

   Not all mortgage lenders offer bank statement loans. You might need to work with a mortgage broker to find one. ... Interest-only loans: With this type of loan, you’ll only pay interest for the ...

6. Savings and loan association - Wikipedia

   en.wikipedia.org/wiki/Savings_and_loan_association

   A savings and loan association (S&L), or thrift institution, is a financial institution that specializes in accepting savings deposits and making mortgage and other loans. . While the terms "S&L" and "thrift" are mainly used in the United States, similar institutions in the United Kingdom, Ireland and some Commonwealth countries include building societies and trustee savings b

7. The best home loan: how to shop for and compare mortgage offers

   www.aol.com/finance/best-home-loan-shop-compare...

   Balloon payment: Mortgages with balloon payments have a lower monthly payment (usually only interest) for a period of time. Then, you must refinance or pay off the full balance at the end of the term.