In this episode, we discuss interest-only loans – how to get them, how the banks treat them in today's market and when investors should use them.
Many investors today question whether they can still get an interest-only mortgage in today's market. The answer is yes. But, the interest-only mortgages of today are different from those of the past.
Previously, it was possible to secure a 30-year interest-only mortgage. Now, the maximum is 5-years attaches to a standard principal and interest table loan.
We also mentioned the Epic Guide to Mortgages, a 9,500-word guide about how to get a mortgage and to pay it off faster.
