The Top 10 Reasons To Not Refinance Out Of Your Interest Only Mortgage

Posted by on July 28th, 2008 at 02:32pm

Article Promotion » ABOUT wrote an interesting post today on
Here’s a quick excerpt
1. Interest only mortgages really get a bad rap when it comgees to talk about home loans. Many financial experts talk about how bad they are because you never gain any equity in the home because you are not paying down the balance. They are right in this conclusion because you are not required to pay down the balance during the interest only period of the mortgage. 2. What many financial experts or gurus do not tell you is that you have the choice to pay down the mortgage if you want. The mort

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