Interest Only Mortgages are Back???

Interest-Rate-Percentage-805x503

It’s true, but lenders are putting additional safeguards in place to make sure they get their money.  As a real estate agent, it will be nice for me to be able to inform my clients about this additional mortgage option.  However, I will make sure that my customers fully understand the benefits and risks associated with this type of loan, as well as how it compares to the more ubiquitous 30 year fixed loan.

Here’s the link to the full article on the CNBC website.

http://www.cnbc.com/2015/07/20/interest-only-mortgages-theyre-baaack.html

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