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Long Term, Interest Only Mortgages?

Discussion in 'Money & Finance Forum' started by sadic1, Jun 21, 2006.

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  1. Jun 21, 2006 at 2:16 PM #41
    Guest

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    think they said it 3 or 4 times....downtown.....is your best bet.
     
  2. Jun 21, 2006 at 2:18 PM #42
    HardHarry

    HardHarry Rebel with a 401(k)

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    IMO, there is very little risk in the market you are looking at. The only time you might not come ahead is short term. Anything 5 years + is gonna make you money. RE is the best investment readily available to most folks.
     
  3. Jun 21, 2006 at 2:21 PM #43
    sadic1

    sadic1 Full Access Member

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    OK, how about shitty little house (like trhe ones around Graham), versus highrise luxury apartment condo, versus townhome Uptown?
     
  4. Jun 21, 2006 at 2:25 PM #44
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    commonwealth is where you buy.

    and hurry.
     
  5. Jun 21, 2006 at 2:27 PM #45
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    not if you do an interest only loan for more than 10 years in a saturated area.
     
  6. Jun 21, 2006 at 2:30 PM #46
    sadic1

    sadic1 Full Access Member

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    :whoosh:
     
  7. Jun 21, 2006 at 2:31 PM #47
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  8. Jun 21, 2006 at 2:35 PM #48
    HardHarry

    HardHarry Rebel with a 401(k)

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    Anyone who does 100% financing I/O loan and doesnt pay down the principal some is an idiot. That has nothing to do with the market or risk.
     
  9. Jun 21, 2006 at 2:37 PM #49
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    READ THE THREAD TITLE
     
  10. Jun 21, 2006 at 2:39 PM #50
    meatpile

    meatpile 7-9

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    Sadic -

    I'd look at places like NODA, MIdwood, Elizabeth, Edges of Dilworth, Sedgefield, WILMORE, WESLEY HEIGHTS.

    You'll get dirt there.
     
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