How Much Do Interest-Only Mortgages Cost

Because lenders rarely do anything for free, the cost for an interest-only mortgage is a bit higher than a conventional loan. For example, if a 30-year fixed-rate mortgage is available at the going rate of 6% interest, an interest-only mortgage might cost an extra 1/2 percent or be set at 6.5%.

A lender might also charge a percentage of a point to make the loan. All lender fees vary, so it pays to shop around.
This article "How Much Do Interest-Only Mortgages Cost" will be helpful to who are looking for "" related home loan informations.
How Much Do Interest-Only Mortgages Cost
the cost for an interest-only mortgage is a bit higher than a conventional loan. For example, if a 30-year fixed-rate mortgage is available at the going rate of 6% interest, an interest-only mortgage might cost an extra 1/2 percent or be set at 6.5%....

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