Each year, interest-only loans are gaining more and more positive exposure in the real estate and loan industries. The popularity is most likely due to property values consistently appreciating annually. It seems as if interest-only loans are the only way certain homeowners can afford to buy a house.

Interest-only loans can seem complex, but

Should you be paying interest only when you buy your first home? Well there are different answers to that question. It depends on the situation of the buyer and the current housing market in that area.

Interest only loans

To begin with, when you are paying an interest only loan you are not paying any principal down at all. So if you