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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 ...

3. 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 ...

4. Mortgage - Wikipedia

   en.wikipedia.org/wiki/Mortgage

   Since the risk is transferred to the borrower, the initial interest rate may be, for example, 0.5% to 2% lower than the average 30-year fixed rate; the size of the price differential will be related to debt market conditions, including the yield curve. The charge to the borrower depends upon the credit risk in addition to the interest rate risk.

5. Mortgage law - Wikipedia

   en.wikipedia.org/wiki/Mortgage_law

   A mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed.

6. Should you add a co-borrower to your mortgage? - AOL

   www.aol.com/finance/add-co-borrower-mortgage...

   A co-borrower can also help you buy a home with a better interest rate if your credit score or debt-to-income ratio needs improvement. But there are also downsides to consider.

7. Mortgage application: What’s included and how to prepare - AOL

   www.aol.com/finance/mortgage-application...

   Key takeaways. The full mortgage application takes place after you’ve had an offer on a home accepted. Your lender will investigate your financials and the property you’re purchasing to ...

8. Loan - Wikipedia

   en.wikipedia.org/wiki/Loan

   The recipient, or borrower, incurs a debt and is usually required to pay interest for the use of the money. The document evidencing the debt (e.g., a promissory note ) will normally specify, among other things, the principal amount of money borrowed, the interest rate the lender is charging, and the date of repayment.

9. Portfolio mortgages: What they are and how they work

   www.aol.com/finance/portfolio-mortgages...

   Interest rates: A portfolio loan usually comes with the same features as a traditional mortgage: a fixed interest rate over a 30-year term that reflects the financial profile and assessed ...