Sunday, May 08, 2005

Mortgage and Refinance Articles

y: Carrie Reeder
There are many benefits to interest-only mortgage loans.There are many situations where an interest-only mortgage loan could be best for you.Here are some of the situations where an interest only mortgage loan might be beneficial to you:1.If you are in a situation where your income is sporadic and would rather have the option of paying as little as possible sometimes and then paying larger amounts when there is more income, for example, a real estate agent or loan officer.2.If you are investing your mortgage payment savings in something else that is low risk, and has a much higher return on your money than your house payment.3.If you are temporarily in a situation where your income will be low for
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