|
 |
|
|
Interest only loans
allow you to buy a more expensive house then you would normally
qualify for. You pay only the interest of the loan for a specified
period (usually up to 10 years). For example: if you apply
for a 30 year loan and make 10 years of interest only payments,
your loan would then revert original type of loan amortized
over 20 years. This flexible calculator will calculate your
payment, interest rate or loan amount based on 2 of the 3 figures
given. |
|
|
|
|
|