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    the borrower an option to pay only the interest for the first few years. The rate for these
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    Mortgage rates are applied to the principal amount. These rates are decided upon by the mortgage company and depend on many factors like the location of the house, type of house, number of people living in it and its geographical setting. Some borrowers may find it difficult to afford the monthly installments initially for various reasons. These mortgage rates give the borrower an option to pay only the interest for the first few years. The rate for these
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    gage company and depend on many factors like the location of the house, type of house, number of people living in it and its geographical setting. Some borrowers may find it difficult to afford the monthly installments initially for various reasons. These mortgage rates give the borrower an option to pay only the interest for the first few years. The rate for these
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    r of people living in it and its geographical setting. Some borrowers may find it difficult to afford the monthly installments initially for various reasons. These mortgage rates give the borrower an option to pay only the interest for the first few years. The rate for these
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    to afford the monthly installments initially for various reasons. These mortgage rates give the borrower an option to pay only the interest for the first few years. The rate for these
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    the borrower an option to pay only the interest for the first few years. The rate for these mortgages can be either fixed or adjustable, depending on its terms.

    Interest only mortgage loans allow the borrowers to pay only the interest on the mortgage as a part of their scheduled payments. This type is available for a fixed term that is usually from five to seven years. After this term is over, borrowers have to begin paying off their principal as wel

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