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How Interest-only Loans Work

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Sources

  • "Consumer Handbook on Adjustable Rate Mortgages." federalreserve.gov, May 17, 2007. http://www.federalreserve.gov/pubs/arms/arms_english.htm
  • Fisher, Jonas D.M. and Quayyum, Saad. "The great turn-of-the-century housing boom." chicagofed.org, 2006. http://www.chicagofed.org/publications/economicperspectives/ep_3qtr2006_part3_fisher_quayyum.pdf
  • Guttentag, Jack. "Interest-only loans: not magic, usually not smart." msn.com, 2007. http://moneycentral.msn.com/content/Banking/­Homefinancing/P118084.asp
  • Kass, Benny L. "Interest-Only Borrowers Are Rolling the Dice." Washington Post, February 25, 2006. http://www.washingtonpost.com/wp-dyn/content/article/2006/02/24/­AR2006022400869.html

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