Mortgage | Interest Loan

: Most of these loans are structured as adjustable-rate mortgages (ARMs) . This means your interest rate—and thus your payment—can fluctuate based on market conditions after the initial fixed-rate period ends.

: For the first few years, your payments cover only the interest charges. Your loan balance remains unchanged unless you choose to make voluntary principal payments. interest loan mortgage

Since you have a shorter time to pay off the full principal (e.g., 20 years instead of 30), your new monthly payments will be much higher than those of a standard 30-year fixed loan. : Most of these loans are structured as