I’ve been hearing a ton of talk about interest only mortgage lately. I finally took the time to write up a little primer on what they are and the pros and cons of them. Feel free to ask questions and make comments.
Interest Only? | Mortgage Knowledgebase
I hope to take the time to write up a few more articles on this because it seems that some unscrupulous loan officers are pitching some new combinations such as GPM / interest only products and they’re not explaining the risks of such loans. As usual, everything in the name of the almighty commission check and people are confused.
