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    Interest-Only or “Interest-First” mortgages have been around for quite some time now, but have recently been exploding in popularity. Originally offered primarily in the non-prime market, interest only mortgages are now available as conforming loans and can come as a feature on a wealth of loan programs, including adjustable rate mortgages, 40 and 50 year term loans, stated income loans, and to borrowers with credit scores as low as 540.

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    recently been exploding in popularity. Originally offered primarily in the non-prime market, interest only mortgages are now available as conforming loans and can come as a feature on a wealth of loan programs, including adjustable rate mortgages, 40 and 50 year term loans, stated income loans, and to borrowers with credit scores as low as 540.

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    interest only mortgages are now available as conforming loans and can come as a feature on a wealth of loan programs, including adjustable rate mortgages, 40 and 50 year term loans, stated income loans, and to borrowers with credit scores as low as 540.

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    wealth of loan programs, including adjustable rate mortgages, 40 and 50 year term loans, stated income loans, and to borrowers with credit scores as low as 540.

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    The first thing you should know about an interest-only mortgage loan before you commit is that YOUR PAYMENT WILL CHANGE. (read, YOUR PAYMENT WILL INCREASE). With an interest-only loan, your first payments are towards the interest, not the principal. After a set amount of time (traditionally, anywhere from two to fifteen years), the lender will require you to start paying back the principal al

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