Mortgage ProductsMay 26, 2005
Three Common Objections To Interest Only Mortgages, Rebutted Point-By-Point
MSN Money recently ran an article stating that interest only loans are bad choices for most borrowers. The headline ran as "Interest-only loans: not magic, usually not smart". Then, the next line: The last interest-only mortgage craze ended with a wave of foreclosures in the Great Depression. Today's interest-only ARMs...