Ready, Fire, Aim! - Mihail's Public Blog > Comments on Interest-only mortgages at highest levels

Go to Ready, Fire, Aim! - Mihail's Public BlogAdd a commentGo to Interest-only mortgages at highest levels

True
But it is a catch-22. Homes are so expensive because more and more people are willing to pay signficantly more because they can take out interest-only loans which keep their monthly payments low even while they borrow more to buy a more expensive house.

posted by Mihail on June 13, 2005 at 2:04 PM | link to this | reply

This doesn't surprise me at all. Homes are so expensive there, it's
probably the only way some people can afford them.

posted by Renigade on June 11, 2005 at 4:24 PM | link to this | reply

Referrals - About Us - Press - Terms of Use - Privacy Policy - Conduct Policy
Copyright © 2017 Shaycom Corporation. All rights reserved.