Interest Only Mortgages is a risky product and does have its disadvantages it a tricky form of mortgage because it can be misleading as the payment is very small for the first 1,2,5,7 or even 10 years. The Interest Only Mortgage will have a balloon payment for the entire principal balance at the end of [...]
Posts Tagged ‘Negative Amortization’
February 12th, 2010
Interest Only Mortgage Can It Save Me Money ?
Posted in Savings Interest 
Tags: Balloon Payment, Current Interest Rate, Due Interest, Fluctuation, Index Rate, Interest Only Loans, Interest Only Mortgage, Interest Only Mortgage Loan, Interest Only Mortgage Payments, Interest Only Mortgages, Interest Payment, Money Interest, Mortgage Interest, Mortgage Payment, Mortgage Rate, Negative Amortization, Payment Period, Principal Balance, Risky Product, Term Interest 
No Comments »January 13th, 2010
Can your Mortgage be your Savings Account?
It is becoming increasingly popular to use a mortgage in lieu of a low-interest savings account. Is this a good idea?
The latest version is a home-equity line of credit that is used to buy a home. It is marketed as a way to pay down your mortgage faster than the traditional mortgage. But it only [...]
Posted in Savings Accounts Tags: 30 Year Fixed Rate, 30 Year Fixed Rate Mortgage, Amortization, Borrowers, Credit Score, Equity Line Of Credit, Extra Money, Fixed Rate Mortgage, Home Equity Credit, Home Equity Line, Home Equity Line Of Credit, Interest Savings, Loan Program, Mortgage Account, Mortgage Balance, Negative Amortization, Purchaser, Rate Home Equity, Traditional Mortgage, Year Fixed Rate Mortgage No Comments »
