Interest Loan Only Resources and More...
Simple Interest loan
What is a simple interest loan? A simple interest loan is one where you only pay interest on the original prinicipal and not on the interest that has accrued. These loan are usually only used when the loan is in excess of $25,000 and/or the term exce...(Continue Reading)
Student Loan Interest Rates Drop
Interest rates on federal student loans will drop to the lowest rate in decades - only 4.06 percent - on July 1, announced Secretary of Education Rod Paige....(Continue Reading)
No Interest, Balloons, and Credit Insurance
Interest only loans, balloon payment and such seem consumer friendly... on the surface. Please do not be lured! Similarly credit insurance may or may not be wise and can be directly tied into the subject of no interest and balloon type loans. Don't b...(Continue Reading)
Pay Less Interest on Your Home Loan
A bi-weekly mortgage payment plan can help you pay off your mortgage more quickly, but it isn't the only method you can use to decrease the amount of interest you pay on your home. Use these tips to reduce interest......(Continue Reading)
Bi-weekly Mortgage Payments
Bi-weekly Mortgage Payments: Save Tens of Thousands of Dollars on Your Mortgage But Avoid the Scams...(Continue Reading)
Talking Mortgages in the Forum
There's always a lot of talk about mortgages and financing in general in the Home Buying forum. Crystal asks: "I've been hearing a lot about interest only loans lately. Supposedly they can lower your monthly payment, but what's the downside?......(Continue Reading)
Rapid Refunds
Rapid Refunds offer interest rates equating to 67% to 774%. Learn more here....(Continue Reading)
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Misperceptions About Interest-Only Mortgage Loans
Misperception 1: Interest-only loans are a type of mortgage. They are not. … Misperception 2: It is less costly to amortize an interest-only loan. …
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