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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...

   Here are some pros and cons: Pros of interest-only mortgages. You get more house for your money. You can enjoy a larger home for less money while you save up for a larger mortgage.

3. What Is An Interest-Only Mortgage? - AOL

   www.aol.com/finance/interest-only-mortgage...

   Interest-only mortgage loans provide borrowers with lower mortgage payments during the initial few years of the loan. If you are trying to decide whether an interest-only mortgage would be right ...

4. What Is an Interest-Only Mortgage? - AOL

   www.aol.com/news/interest-only-mortgage...

   Interest-only loans, which require borrowers to pay only the interest on the loan for an initial fixed period, shouldered much of the blame for the flood of foreclosures when the housing bubble burst.

5. Adjustable-rate mortgages: What they are and how they work - AOL

   www.aol.com/finance/adjustable-rate-mortgages...

   Along with these common loan terms, there are three main types of ARMs: hybrid, interest-only and payment-option. Hybrid ARM A hybrid ARM is the traditional adjustable-rate mortgage.

6. Pros and cons of an adjustable-rate mortgage (ARM) - AOL

   www.aol.com/finance/pros-cons-adjustable-rate...

   Adjustable-rate mortgage pros and cons. ... Keep in mind: Your monthly payments are guaranteed to go up if you opt for an interest-only ARM. With this type of loan, you'll pay only interest for a ...

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

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

   Case in point: Using the previous scenario, if you borrow $400,000 over 30 years at a 7 percent interest rate and pay your $12,000 closing costs out of pocket on closing day, the total cost of ...