ronidl76 says:

In a intérêt only prêt or d& #39; hypothèque, l& #39; borrower pays intérêts that for each month. That returns it less expensive than l& #39; hypothèque conventional, oà ¹ part of each month: S the payment goes towards the capital and a part goes towards intérêt. These prêts became popular because the monthly payments are inférieurs, which makes it possible to the borrowers to allow a larger house. However, these prêts can dangerous être, especially in a marché of housing downwards. The rates d& #39; intérêt is généralement fixés for the premières années 1,3 or 5. Après that, to convert into prêt conventional with a monthly payment plus élevé. Majority of these prêts because the borrowers s& #39; engage to include the sale of the house before the increases in rate d& #39; intérêt. In bottom, in a marché in May not être able to sell. S& #39; they cannot allow the payment has augmenté, May have à to stabilize themselves on the prêt and to exclude the house. Thus, when the rate begins à to record, you must à new refinancing. And, to receive fixed or another intérêt cannot être réglé. And, yes, I believe average ARM. Well, if you have more d& #39; money, from time to time, you can refund the main thing in no-claims bonus supplémentaire.

p k says:

The others réponses are for the pià ƒ  ¹ corrigée, however no product only d' intérêts on the prêts allows d' payments; intérêts only for all durée of the prêt. All they are limités à a pre série of période interests of only with 15 years d' être the pià long ƒ  ¹ période are à knowledge. Such prêts can être fixés the rates of cosà ƒ ¬. The best than me knows à ƒ ¨ a prêt term 40 years with the first 10 years d' Single être interests. This allows d' substantially; to carry out the payments pià small ƒ  ¹ for the first 10 years, therefore with traditional 30 years à rate I fix for the remainder 30 years. Moreover, they n' do not exist règles which do not make it possible to pay towards the capital during the période interests of only. Many people will have one interests prêt only for the sÔ reté d' to have a infA©rior payment when they need some, but by paying extra principle when their budget. All cià ƒ  ² which to pay an extra s' applies à directly  your principal équilibre, qu' in the last analisi, réduire the payment formerly l& amp; #39; interest single période à ƒ ¨ périmé.