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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...

   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 ...

3. 15-year vs. 30-year mortgage: Which is right for you? - AOL

   www.aol.com/finance/15-vs-30-mortgage-215934391.html

   15-Year Or 30-Year Fixed Mortgage Calculator. You can crunch your own numbers with Bankrate’s 15-year or 30-year fixed mortgage calculator. ... you might want to explore an interest-only mortgage.

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

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

   Interest-only mortgage loans provide borrowers with lower mortgage payments during the initial few years of the loan. If you are trying to decide whether an interest-only mortgage would be right ...

5. Mortgage calculator - Wikipedia

   en.wikipedia.org/wiki/Mortgage_calculator

   Mortgage calculators are frequently on for-profit websites, though the Consumer Financial Protection Bureau has launched its own public mortgage calculator. [ 3 ] : 1267, 1281–83 The major variables in a mortgage calculation include loan principal, balance, periodic compound interest rate, number of payments per year, total number of payments ...

6. 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 ...

7. UK mortgage terminology - Wikipedia

   en.wikipedia.org/wiki/UK_mortgage_terminology

   Offset mortgage – a mortgage where the borrower can reduce the interest charged by offsetting a credit balance against the mortgage debt. Foreign currency mortgage – where the debt is expressed in a foreign currency (typically one in which market interest rates are lower) in an attempt to reduce capital and interest payments.