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Pros and Cons of Interest Only Mortgage Refinancing

One-hundred-percent financing and interest-only mortgages have become popular in recent years, particularly with first-time buyers. With both of these types of financing, you don't build equity in your home when prices are flat unless you make improvements that increase the property's value or you pay down the principal balance. So, if you were to sell after years of zero or less appreciation, you could end up paying out of pocket to close the sale.

Hipotecas Prestamos January 22, 2007 05:39 PM