Interest Only Loans Need Help

Posted on: Tue, 05/10/2011 - 02:27

dredey

Member

Posts: 53

Joined: 2008-06-29

Points: 208

Offline

Interest Only Loans Need Help

What are your thoughts on Interest Only Mortgage loans. 5/1 ARM?

__________________

by dredey
Login to post comments

Posted on: Tue, 05/10/2011 - 03:51 #1

TrustPoint

DG Superstar

Posts: 1434

Joined: 2010-03-30

Points: 5389

Offline

As an investor

it is a great idea. Assuming you're not owning for a long period, you'll never get to the adjustment period and you'll get a lower interest rate and payment.

__________________

Always Looking to Acquire Houses | Always Looking to Amaze Investors

DISCLAIMER: Our DG site is here to provide real estate education, training and social networking without the promise/claims of earnings or return on investment. We don't offer tax, accounting, financial or legal advice. Before doing any real estate transaction, you should consult your own accounting, legal and tax advisors to evaluate the risks, consequences and suitability of that transaction. This site accepts and contains posts from our students, readers and the general public that we do not modify but also do not verify. There are no guarantees implied except where specifically stated.

Interest Only Loans Need Help

Member Login

Main Sections

Student Resources

More DG Resources