If you do not pay back any of the loan amount for a portion of the loan period, you have a(n)

Name: If you do not pay back any of the loan amount for a portion of the loan period, you have a(n)
Brand: Quizplus
Rating: 4.8 (50 reviews)

Question

Quizplus · Accepted Answer

An interest-only mortgage allows the borrower to only pay the interest on the loan for a certain period of time, typically the first 5-10 years. This means that none of the principal amount is being paid down during this period.

If You Do Not Pay Back Any of the Loan