Interest-Only Mortgages Create Interest Among Home Buyers - 2004-03-26
You should devote attention to the type of loan product that a mortgage lender picks for his home mortgage. In my opinion, the new interest-only loans are one of the best loan programs available, and I'm personally enjoying the benefits.
Interest-only loans allow borrowers to pay only on their mortgage's interest for a fixed term, usually five to 10 years. The mechanics of these loans vary from bank to bank, but their popularity is growing, and you can expect to see more versions debuting in the coming year.
Read the full story at Builder Online