Agent

Interest-only real estate loan good for short-term ownership

Borrowers with fixed-rate version avoid payment shock
Published on Jan 25, 2005

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by CareyBot

DEAR BOB: We are “cash challenged” home buyers. As you often suggest, we are trying to get pre-approved for a mortgage before we start seriously shopping for a home. A mortgage company we consulted suggests we get an “interest-only” mortgage ...

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