Do you need to stay away from a second mortgage interest only loan?
If you have been approved for the first mortgage at a fixed rate and a second mortgage interest higher than your first mortgage. And suppose you want the second mortgage interest only loan for an investment property.
Is there a possiblity that your second mortgage payments may go up? If yes, should you go for another loan? Read the rest of this entry »
Tags: Bad Credit Mortgage, Mortgage Refinance, Private Second Mortgage, Second Mortgage Plans, Second Mortgages, installment repayment, interest only, tax benefits