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Interest only mortgage exists in the US. You never pay principle.
by brianwawok 4y ago
Interest only mortgage exists in the US. You never pay principle.
- maccard 4y agoAn interest only loan doesn't suddenly mean there's no repayments. The hint is in the name, you still have to repeat the interest on the loan. Payment terms may vary but if you think that banks across the US are sitting on interest only, asset backed mortgages for the ultra wealthy's most expensive purchases, and taking no payment from them then I don't think we're going to be able to come to an agreement on this topic.