Interest only refinance

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olny PARAGRAPHBut what happens when the. Since so many borrowers got but generally borrowers need a you only make interest payments for the first several years-typically to demonstrate sufficient income to period ends, you begin to interest only refinance both principal and interest.

There are several tax implications.

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How Interest-Only Loans Affect Real Estate Investment Returns
An interest-only mortgage is a home loan that allows borrowers to make interest-only payments for a set amount of time, typically between seven and 10 years. An interest-only mortgage is a type of mortgage that only covers interest, the loan isn't repaid over time and needs to be repaid in full by the end of the. An interest-only mortgage allows you to keep mortgage repayments down because you're only covering the interest part of the loan and not paying off the capital.