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.
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