Interest Only In Your Best Interest?
Interest Only In Your Best Interest?
By Best Rate Fixed Mortgage
Prior to the depression of the 1920s, there was a mortgage loan product used by many of the American people, known as the interest only loan. Why did this long disappear? And why has it suddenly reappeared? Let’s take a moment to answer [...]
Re-Financing with an Interest Only Mortgage
Re-Financing with an Interest Only Mortgage
By Best Rate Fixed Mortgage
Interest only mortgages are a relatively new phenomenon in the re-financing industry as well as the home buying industry. While the appeal of an interest only mortgage is typically a greater monthly cash flow, this increased cash flow can come with a hefty price tag. In [...]
Interest Only Mortgages and the Young Professional
Interest Only Mortgages and the Young Professional
By Best Rate Fixed Mortgage
Here is one of the successful candidates for the interest only mortgage. The young professional that is eager to get out into the home ownership market. He or she is equipped with some level of mortgage product comprehension, and a guarantee of increasing income.
Today’s [...]
Interest Only and Credit Card Debt
Interest Only and Credit Card Debt
By Best Rate Fixed Mortgage
Well, here is an example of the system that isn’t functioning as intended: a mortgage loan that encourages paying off one debt, in order to overspend ourselves with another debt. The interest only mortgage and the credit card debt. As a borrowing nation, [...]
How Real Estate Drives the Interest Only Mortgage Market
How Real Estate Drives the Interest Only Mortgage Market
By Best Rate Fixed Mortgage
The real estate market and the mortgage market are great friends; they generally are seen hand in hand, wherever they may go! One fuels the other’s ambitions. Never a truer statement has been made and they (the real estate and [...]
