Interest-Only Mortgage
Disclaimer: This website provides general mortgage and financial information for educational purposes only. It does not constitute financial, legal, or mortgage advice. Housentia is not a licensed mortgage broker, lender, or loan originator.
This content is provided for general educational purposes only and does not constitute financial or mortgage advice.
Definition
A loan where you pay only interest for a set period; after that, principal (and sometimes higher payments) is required.