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Interest Only Mortgages for the Wealthy Investor
It is for these types of investors that the interest only mortgage options should be used. The borrowers are business people, with business plans, and enough knowledge about the workings of commercial and mortgage loans, to understand a good investment from a bad.
The commercial mortgage industry is a huge market, and since most of the [...]
Interest Only Mortgages and the Young Professional
Here is one of the successful candidates for the interest only mortgage. The young professional that is eager to get out into the home ownership market. He or she is equipped with some level of mortgage product comprehension, and a guarantee of increasing income.
Today’s mortgage market has seen a tremendous growth in mortgage packages, [...]
Is Interest Only In Your Best Interest?
Prior to the depression of the 1920s, there was a mortgage loan product used by many of the American people, known as the interest only loan.
Why did this long disappear? And why has it suddenly reappeared? Let’s take a moment to answer each question, and hopefully provide some food for thought.
During the 1920s [...]
Interest Only Mortgages and the LIBOR
What is LIBOR and why would we want to use a LIBOR? How does LIBOR tie into interest only mortgages? These are really good questions. I myself until recently had no idea what a LIBOR was or is, or if I wanted to use one. I am a little more educated [...]
Interest Only Mortgages: A Risky Real Estate Move?
Well, let’s examine this information, one piece at a time. The first piece to examine is the basis for the desired interest only mortgage product.
What type of investor is looking for the interest only mortgage? Many of your real estate investors are business people, looking for a way to maximize their profit, while [...]
Getting An Interest Only Loan Refinancing
When refinancing an interest only loan the process is the same as in any other refinancing. It is simply the swapping of one loan for another. When interest rates are low it’s a very good time to refinance since you can save yourself considerable amounts of money over the life of the loan. Also, by [...]