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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. What Is An Interest-Only Mortgage? - AOL

   www.aol.com/interest-only-mortgage-190002695.html

   Interest-Only Mortgages: Pros and Cons. An interest-only mortgage can sound appealing to a potential homebuyer because it is a mortgage loan that requires that you pay only interest — no ...

4. 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 ...

5. No-closing-cost mortgage: How it works and how to decide if ...

   www.aol.com/finance/no-closing-cost-mortgage...

   It can be, but only after you weigh the pros and cons. Here’s how no-closing-cost mortgages work and how to decide if one is right for you. ... Paying a higher interest rate on your loan: Say ...

6. Portfolio mortgages: What they are and how they work

   www.aol.com/finance/portfolio-mortgages...

   For example, North American Savings Bank‘s website features a portfolio loan that requires a 20 percent down payment (vs. 3 to 10 percent for conventional loans), a debt-to-income ratio of up to ...

7. Hard money lending: Guide to hard money loans and lenders - AOL

   www.aol.com/finance/hard-money-lending-guide...

   Before you decide to work with a hard money lender, consider the pros and cons of this financing option: Pros of hard money loans. Flexible loan terms: Hard money lenders tend to be flexible when ...