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Updated over 2 years ago,

Keetaek Hong's profile image
Keetaek Hong's profile image
Keetaek Hong
  • Member since Jul 25, 2021
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21
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8
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Keetaek Hong's profile image
Keetaek Hong's profile image
Keetaek Hong
  • Member since Jul 25, 2021
Connect
Keetaek Hong
8
Votes |
21
Posts
Creative Real Estate Financing

Short Term Rental and Interest-Only option

Keetaek Hong
Posted

We are looking to acquire a Short-Term-Rental in AZ. From one of the lenders, we are seeing a favorable rate using ARM 7/6 IO-only (30yr amortization) option.

If I am willing to make a periodical lump sum payment during the high season of the rental, is there any downside to going IO-only option? 

Scottsdale, Arizona
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