S
spock1
Guest
I've just agreed to buy a forestry plantation and have been looking around for a loan to cover it. I have been told about interest only mortgages but am a little suspicious of them. Does anybody know where I can get clear information on interest only mortgages. As I understand it, the principal remains as is whiel I pay the interest. At the end of the loan period I have to pay back the principal. I am told it is cheaper than a regular loan but how do they figure that out?