In my six years in the mortgage business, I have often encountered potential borrowers who are afraid of interest only loans. In a society built on fear, this does not surprise me. To alleviate the fear, let’s start with the basics. With a traditionally amortized loan, the borrower makes a principal and interest payment each month. (click for Full Story)
GetPrequalified.com
Saturday, April 19, 2008
Are Interest Only Loans Bad?
Labels:
buy real estate,
interest only,
interest only loans,
mortgage,
refi,
refinance
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