Terms are generally 12 months IO.

@Shelly Glennon  It is not unusual for large corporate tenants to have agents do their lease renewals and get pad a commission for it.

In other words, if the person has an online presence, you can find out many things about them and then add them to your contact list.5) There is a nice follow-up feature that you can setup.6) Integrates with alot of the other different services that will allow you to "do business within your business".7) Can be used from within any browser and also has an IOS app for both my iPhone & Ipad.There is more that I can say about the service, but, I'll stop here. 

If you are paying interest only, you are not paying down the mortgage. on the $700k you would be, but equity depends on whether its a land contract or traditional note  - depends on structure.3. good template google fannie mae security instruments.Also, my question is if you have not money for a down payment, how can you afford a $700k p&i payment along with $300k I/O payment?

The WIFE would be the DEBTOR responsible to make the I/O payments of $8,312.50 each month and the future balloon payment due of $1,1425,000Q- How does the Husband get his funds out to complete the Divorce?

Thanks,Hey Joel,If you are tight on PITI, then I usually recommend looking into an interest only loan, maybe on a 5-10 year IO plan, to lower your payment and see if you can squeeze it in.Plus, rates are starting to dip a little bit, so it makes it a little more doable, especially if you just do a rate and term refinance to help keep your rate lower.

Plus, they are picky on what regions that work in, which is another layer to look into.The second group, with the right experience, does 10.5%-11.5% Interest only for 90%, and if the values come back in their valuation, will do a second on the down payment at about 17% IO so it balances out at 100% LTC. 

I want to pay back that LoC cause I'm getting smash with the interest at 8.5 percent killing The property also has a 3.6 percent interest i assumed for 3 more years what’s the best options for me please help.Michael need to put the numbers together no way will make sense to refi a 3.6 interest ... you will get 7.5 to 8%  on that .... 500K I/O loan is not bad at today's rates. 

I have seen thousands of home owners over the years get stuck with an I/O Heloc and cannot refinance it due to lack of pay down and not enough equity/appreciation.You still have a 30 year mortgage at low 6% versus a Heloc in todays market at over 8-10% over a shorter term 10, 15, or 20 but never 30 yeas so in most cases the mortgage payment is less. 

This refi will definitely increase my mortgage payments but it will also absorb a HELOC which will put a stop to I/O payments.