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Updated over 4 years ago,

Stephen Watts Nunn's profile image
Stephen Watts Nunn's profile image
Stephen Watts Nunn
  • from Birmingham, AL
  • Member since Jan 23, 2019
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1
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Stephen Watts Nunn's profile image
Stephen Watts Nunn's profile image
Stephen Watts Nunn
  • from Birmingham, AL
  • Member since Jan 23, 2019
Connect
Stephen Watts Nunn
  • Birmingham, AL
1
Votes |
4
Posts
Real Estate Deal Analysis & Advice

Help on how a interest only loan would help on first deal

Stephen Watts Nunn
  • Birmingham, AL
Posted

Looking for a overall better understanding on how an interest only loan works. Plan is to do a traditional mortgage 20% down on a 60k home; ARV 110k. A few other expenses added to it so about 20k all together to borrow. Once purchased ideally to pay the 20k back would be through the refinance....

Any great advice would be appreciated

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