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interest only mortgage

Four Tips to Lower Your Mortgage Payment When Refinancing

February 7, 2008

If you’re considering refinancing your mortgage there are a number of reasons for taking out a new home loan. Some people choose to refinance because of a financial hardship, others want to borrow cash against the equity in their homes; however, the most common reason is to get a lower monthly payment. Here are several [...]

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Interest Only Mortgages

January 17, 2008

If you are in the process of refinancing and are considering interest only mortgages, there are several things you should know to reduce your risk. Interest only mortgages are suitable for homeowners that need a low monthly payment for a short period of time; however, these loans are often abused by people who don’t understand [...]

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Interest Only Mortgage Loans Explained

September 14, 2007

Interest-only mortgage loans are a source of confusion for many homeowners. If you need the lowest possible payment while minimizing your risk of payment shock, an interest-only mortgage could be your answer. Here are the basics you need to understand about interest-only Adjustable Rate Mortgages (ARM) to make an informed decision and minimize your risk [...]

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Is Interest-Only Mortgage Refinancing Right For You?

August 15, 2007

If you are considering refinancing your mortgage with an interest-only Adjustable Rate Mortgage, there are several things you need to know in order to make an informed decision before signing on the dotted line. Adjustable Rate Mortgages come with the risk of payment shock when your lender adjusts the interest rate. Payment shock means waking [...]

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Pitfalls of Interest Only Loans When Refinancing

July 25, 2007

If you are considering refinancing your mortgage with an Interest Only or Option Adjustable Rate Mortgage, there are a number of pitfalls you need to know about. While it’s true that interest loans and option mortgages are much riskier than traditional mortgages, when used correctly these loans could save you thousands of dollars. There are [...]

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