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How an Interest Only Loan Works

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This is a simple explanation of an interest-only loan. If you have one, please take a look at this.

Channel: People & Blogs
Uploaded: December 31, 1969 at 5:59 pm
Author: armcrash

Length: 01:00
Rating: 4.71
Views: 1700

Tags: interest  mortgage  only  principal  

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Video Comments

kabloozie (December 31, 1969 at 5:59 pm)
looks good - until your loan resets, and you can't get serial refinancing, and your house is worth 30-50% less than when you bought it. oops.That spells trouble.
sushi81 (December 31, 1969 at 5:59 pm)
Yea! BURN THE F*UKING HOUSE!!! I MEAN THE F*UKING BANKS!!!
madics12 (December 31, 1969 at 5:59 pm)
Good vids!!
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