"borrowers on these loans receive a check from the bank every month as a thank you payment."
Is this how it actually works? Or are these loans just self-amortizing (at the bank's nominal expense) to some extent?
"borrowers on these loans receive a check from the bank every month as a thank you payment."
Is this how it actually works? Or are these loans just self-amortizing (at the bank's nominal expense) to some extent?