Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago,
Are Interest Only Fixed Rate Mortgages good for refinancing ?
Looking to refinance my non-warrantable property to pull out the equity. I was offered a 30 year fixed at 5% with a Interest Only Fixed Rate Mortgage. Has anyone had experience with this type of product? I know it is hard to get refinancing on non-warrantable properties so this may be an only option.
Thank you for your input.