Interest-only Mortgage
that an interest-only mortgage can offer. First is that, interest-only mortgages can help you in accumulating assets. Because interest-only mortgages do not demand so much during its initial years, you can use the payment differential in a cash investment. The “spare” cash provided by interest-only mortgages may also be used for college money, retirement money, and even as a seasonal income factor.
Of course, you are the only person who can really tell if the mortgage option is right for you or not. However, awareness of the issues that surround those choices is a good way to make a more informed decision.
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