The Top 10 Reasons

1. Interest only mortgages really get a bad rap when it comgees to talk about home loans. Many financial experts talk about how bad they are because you never gain any equity in the home because you are not paying down the balance. They are right in this conclusion because you are not required to [...]

1. If you look at your monthly mortgage statement you will see that the principle balance on your mortgage probably only dropped a couple dollars while the majority of your payment was interest. As an example on a $150k loan at 6% your monthly payment is about $900. $750 goes to interest and $150 goes [...]