Non QM Interest only mortgage products

[Nicholas Burch]

I am curious, have you used an interest-only mortgage product for a deal? If so, why?

[Robin Simon]

Should be careful on these, brokers and lenders typically use the terminology "interest-only" but in fact they are partial-IO loans, that are interest-only typically for only the first 10 years of the 30 or 40 year term.  Once the IO period is up, the monthly payment jumps to even more than it would have been on a standard fully amortizing loan