Uncovering true cost of interest-only real estate loans

Lenders capitalize on riskier mortgages
Published on Mar 20, 2006

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by CareyBot

Q: “You have stated that interest-only loans cost more, but how much more?” A: Quite a lot, actually, but it tends to be obscured. Interest-only (IO) is an option available on some loans that allows the borrower to pay only ...