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May 11, 2007
The Interest Only Mortgage Payment - What are the Critical Dates That Impact Your
Traditional mortgages require that each month you pay back some of the money you borrowed (the principal) plus the interest on that money. The principal you owe on your mortgage decreases over the term of the loan. In contrast, an interest only mortgage payment allows you to pay only the interest for a specified number of years. After that, you must repay both the principal and the interest. So knowing that your payment will at some point change, what are some important dates that will impact your interest only mortgage
From The Interest Only Mortgage Payment - What are the Critical Dates That Impact Your
Posted by Ken at May 11, 2007 12:41 PM
