Interest Only Mortgages: What, how and why

Today lenders are tighter than they have been in a while with the loan products they are offering. One of the main staples of most lenders is the interest only mortgage loan. But as we have seen with the mortgage meltdown and real estate slowdown, this may not the right mortgage loan for every buyer.

How can you tell if this is the right mortgage loan for you? How does it work? And what in the world does "interest only" even mean?

This is explored in an article entitled: Is Interest Only Right for You?

In the article, we explore what an interest only mortgage loan is. We look at how an interest only mortgage works. And we discuss if this is the right fit for you.

The answers may surprise you.

Interest Only Mortgage Loans | The right mortgage for you?

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This informative article is brought to you by The Ed Nailor Mortgage Team of Charlotte, NC
providing Charlotte home mortgages

Call 704-651-8704 or visit www.EdNailor.com

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Rainer
75,699
Frank Schulte-Ladbeck
Frank Schulte-Ladbeck Professional Real Estate Inspections - Houston, TX
Thank you for the link. It is good information to know.
Jan 28, 2008 11:32 PM #1
Rainer
130,565
Al Maxwell
Keller Williams - Marietta, GA
Real Estate Agent
Thanks Ed. Many need guidance when it comes to mortgages because there are still many "creative" loans out there.
Jan 28, 2008 11:37 PM #2
Rainmaker
276,765
Joel Bennett
Long & Foster Real Estate Inc. - Columbia, MD
The Joel Bennett Group
Good information on the link Ed.
Jan 28, 2008 11:54 PM #3
Rainmaker
363,401
Susie Blackmon
Ocala, FL
Ocala, Horses, Western Wear, Horse Farms, Marketing

Appreciate this information Ed.  We all need to be better educated, and leave the financing to the experts.

Thank you!

Jan 29, 2008 12:41 AM #4
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Rainer
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Charlotte Home Loans Your Charlotte Mortgage Lender

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