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http://techncialanalysis.blogspot.com/ ShepWave.com Elliott Wave Theory: Interest Only Mortgages? Good or Bad for You?</blockquote>

Monday, June 13, 2005

Interest Only Mortgages? Good or Bad for You?

Who should and shouldn't get an interest-only mortgage
By Holden Lewis • Bankrate.com
Interest-only mortgages are pushed aggressively nowadays by lenders and brokers, but they're not for everyone.

An interest-only mortgage might be a good fit for:

someone whose income is mostly in the form of infrequent commissions or bonuses;
someone who expects to earn a lot more in a few years;
someone who truly will invest the savings on the difference between an interest-only mortgage and an amortizing mortgage, and who is confident that the investments will make money.

Click on above link for full article.

# posted by shep @ 10:31 AM

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