In the interest-only phase, you make smaller payments, usually for a period of three to 10 years, that include only interest.

When considering accepting a business loan, it's important to develop a repayment plan. Learn about the calculation formula, ...

An interest-only mortgage allows borrowers to make payments only on the interest of the loan for a set amount of time — typically between seven and 10 years — at the start of a 30-year term. After ...