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Updated almost 5 years ago,
Loans with no mortgage payment?
So, this question has came up to me and I was wondering if you guys have any experience or have any answers for it.
Are any types of investment loans where you get a loan for a short period of time but pay no monthly mortgage until the end of the loan period?
For example: You purchase a property you plan on fixing it up/adding value then selling it But, you know you are going to get a pretty great return after when its finished and the lender gives you the option that so you pay no monthly mortgage payments and gives you a deadline and you have to pay all those monthly payments back with an interest after you sell the property?
I would be interested to know if there is such a thing and if so what type of loan is this?
Thanks!