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    Interest only mortgages can be a savvy fix to a short term mortgage need. When used properly interest only mortgages can save homeowners a lot of money. Here is how to use an interest only mortgage and stay out of financial hot water.

    Interest only mortgages have always been a risky proposition. This mortgage is simply a loan where the homeowner pays interest each month and does not pay any of the principal balance. Interest only mort

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    erly interest only mortgages can save homeowners a lot of money. Here is how to use an interest only mortgage and stay out of financial hot water.

    Interest only mortgages have always been a risky proposition. This mortgage is simply a loan where the homeowner pays interest each month and does not pay any of the principal balance. Interest only mor

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    terest only mortgage and stay out of financial hot water.

    Interest only mortgages have always been a risky proposition. This mortgage is simply a loan where the homeowner pays interest each month and does not pay any of the principal balance. Interest only mor

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    ave always been a risky proposition. This mortgage is simply a loan where the homeowner pays interest each month and does not pay any of the principal balance. Interest only mor
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    ays interest each month and does not pay any of the principal balance. Interest only mortgages have been riskier in the past because they came with adjustable interest rates; when interest rates go up you can expect your monthly payment amount to follow.

    Mortgage lenders have recently started offering fixed rate interest only mortgages. This type of loan is still a risky financing option; however, the fixed interest rate offers stability

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