Sunday, February 26, 2006

Interest-Only Borrowers Are Rolling the Dice

by Benny L. Kass Q: I am a first-time home buyer with limited income. My mortgage lender has suggested I consider an interest-only loan. I have heard that these kind of loans are not necessarily in the best interest of consumers. Can you explain what an interest-only loan is and why it could be problematic? (Read the Answer) Source: Washington Post

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