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Interest-Only Loans

Loan Offers, Articles, Calculators, Tools, Rates, and Advice
What is an interest-only loan ?
An interest-only loan is a loan in which for a set term the borrower pays only the interest on the principal balance, with the principal balance unchanged. At the end of the interest-only term the borrower may enter an interest-only mortgage, pay the principal, or (with some lenders) convert the loan to a principal and interest payment (or amortized) loan at his/her option.

Free Tools and Resources:
Use our FREE Interest-Only Calculator or Interest-Only with Additional Payments Calculator