What is an Interest Only Loan?

Posted in: All Videos, What is..., Mortgages and Financing
By ExpertRealEstateTips
Jan 7, 2009 - 7:10:57 PM

What is a interest only loan? Interest only loans keep monthly mortgage payments low and are good mortgage loans for short term home owners. How do interest only loans work and how many years are interest only loans good for? Watch this Expert Real Estate Tips video on interest only loans and find out if an interest only loan is the right mortgage for you.