interest only loan
Ola,
How does an interest only loan work? Lets say for example I want a hard money loan for $185,000 interest only at 9% for 2 years. Does that make my total paid after 2 years = 16,650 / 24 months = $693.75. Thanks for any help
Ola,
How does an interest only loan work? Lets say for example I want a hard money loan for $185,000 interest only at 9% for 2 years. Does that make my total paid after 2 years = 16,650 / 24 months = $693.75. Thanks for any help