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Updated over 5 years ago on . Most recent reply

Vinny Incognoli's profile image
Vinny Incognoli's profile image
Vinny Incognoli
  • from Westchester, NY
  • Member since Sep 9, 2015
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Vinny Incognoli's profile image
Vinny Incognoli's profile image
Vinny Incognoli
  • from Westchester, NY
  • Member since Sep 9, 2015
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Vinny Incognoli
  • Westchester, NY
5
Votes |
25
Posts
Private Lending & Conventional Mortgage Advice

Are Interest Only Fixed Rate Mortgages good for refinancing ?

Vinny Incognoli
  • Westchester, NY
Posted

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.

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