Are Interest Only Loans Bad?

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)

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Interest Only, ARM, Fixed Rate - Which loan program is right for me?

Let’s start with you imagining being on the phone with me and I ask you, “do you know what kind of loan do you want?” Your respond with: “Well, I don’t want an interest only loan.” I ask, “Okay, why not?” (click for Full Story)

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