Replies

To: Moonman62

I understand they even have interest-only mortgages available?

14 posted on 08/20/2007 10:10:26 AM PDT by TexasCajun

To: TexasCajun

I understand they even have interest-only mortgages available?

Not only do they have them BUT many "Interest Only" loans DO NOT EVEN REQUIRE PAYMENTS WHICH COVER THE INTEREST!

THE UNPAID INTEREST IS ADDED TO THE PRINCIPAL EACH MONTH!!!

23 posted on 08/20/2007 10:37:19 AM PDT by ExSES (the "bottom-line")

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