Adjustable-rate risk is crucial question

Borrower mislead by interest-only sales pitch
Published on Apr 19, 2004

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by CareyBot

“I plan to pay off my home loan as soon as possible using an interest-only mortgage. Here are the figures provided by my loan officer: The payment on the 30-year, 5.5 percent fixed-rate mortgage is $567.79 for each $100,000 of ...