I was wondering with my student loans and mortgages, if it were any possible effects of paying interest only, instead of the usual payments. I think it makes more sense because the interest is derived from the capital if the payment of principal of the amount of interest I have would pay would reduce the long term. That’s how I see things.

Impact on the payment of interest only: the lender may impose a fee for non-compliance with the minimum payment would reduce the principal and never win the entire loan amount would be higher than regular payments. If you have trouble, monthly payments, student loans, if you spend a longer period for payment plan or if you are eligible for forbearance – or cost more in the long run, but you can use it to your monthly bills.

Did you mean “principal” payments instead of regular payments? Chances are the conditions of the loan, you should pay the remaining amount of interest per month. Many loans, you can determine how the additional payments (over and beyond the minimum monthly payment), the loan will be applied. You can choose to make a cash payment and not to reduce the principal more than an additional payment breakdown between interest and principal payments. One advantage to pay a certain interest in this additional payment is that it can bring, which are due for the next payment, which you have passed a buffer in case of emergency in the future.

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