It’s a simple explanation for an interest only loan. If you have one, please take a look at this.
This entry was posted by admin on July 22, 2010 at 5:39 pm, and is filed under Loans and Mortgages. Follow any responses to this post through RSS 2.0.You can leave a response or trackback from your own site.
Good vids!!
Yea! BURN THE F*UKING HOUSE!!! I MEAN THE F*UKING BANKS!!!
looks good – until your loan resets, and you can’t get serial refinancing, and your house is worth 30-50% less than when you bought it. oops.
That spells trouble.
heh – great point
Interesting video. Check out some of our videos on interest only loans and other mortgage options.
Yeah man. That’s what happend to my friend. He got a interest only mortgage on a 450,000 house in Los Angeles, CA and now the house is sellable at 360,000.
Lost your password?
Good vids!!