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Interest Only Loans Buy 20 Percent More Homes With Maximum Interest Deductibility

By admin on April 4, 2011

A lot of the press today is states that interest only loans are “bad” and that they should be avoided. Instead, let’s examine why you might want to get an interest only loan. Once you understand how the typical product works, you can make your own educated decision. Think of your mortgage as a financial [...]

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The Only Real Ways to Pay Off a Mortgage Early

By admin on March 11, 2011

The day you move into your new house is always a happy one. Everything is great and you now have your own abode. The feeling just couldn’t be better. Then, an inevitable thought crosses your mind. You have 30 years left to pay on your mortgage. Wow! Thirty long years of making monthly payments, now [...]

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Upside Down On Mortgage, Is Foreclosure My Only Option?

By admin on June 24, 2010

So who is better off in this foreclosure crisis? The homeowner that put down 20% on their home when they purchased it, the one that financed 100% or the one that is an interest only mortgage or adjustable? The answer to these types of questions will vary from critic to critic, however; it seems that [...]

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Terms Can Only Get Better….Home Mortgage Refinance

By admin on February 3, 2010

First thing’s first. What is a home mortgage? To many, this is considered the best opportunity to eventually own a home. Through a home mortgage, lenders are secured of repayment of loans by keeping the residential property as collateral until the full payment is made. Subsequently, full ownership of the property is then transferred to [...]

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Canada Interest Only Mortgage

By admin on November 8, 2009

An interest-only loan is a loan in which for a set term the borrower pays only the interest on the principal balance, with the principal balance unchanged. At the end of the interest-only term the borrower may enter an interest-only mortgage, pay the principal, or (with some lenders) convert the loan to a principal and [...]

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