Credible is a company that provides services and content related to improving finances, and offers an interest-only mortgage loan that allows homebuyers to only pay interest for a set period of time. This option is great for those who are seeking short-term home ownership, plan to refinance in the near future, or want to free up cash-flow. Interest-only mortgage lenders typically only offer these loans to borrowers with good credit, and monthly payments on interest-only mortgage loans increase after the initial repayment period.
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