The interest only mortgage is a mortgage option to only pay for the interest for specific mortgage terms. Thereby, the borrowers pay less per mortgage payment. So, they can afford a home or a more expensive home. While interest only mortgage sounds like a great way to purchase a home, there are risks involve on interest only mortgage.
Showing posts with label Interest Only Mortgage Risks. Show all posts
Showing posts with label Interest Only Mortgage Risks. Show all posts
Friday, February 19, 2016
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