The best debt is agency debt as they can go out as long as 10 and 12 yr terms with an IO for up to 5-7 yrs and it's non-recourse

Frankly, you were in trouble two years ago if the IO loan looked like a reasonable thing to do.

Yes, my post IS a "solicitation" for C O L L A B O R A T I O N which the me-centric "Old School" is having so much trouble with.

I have 3 credit cards that I pay off in full monthly (I get about $1000 cash back a year just for doing this :P), and 5 mortgage loans, always pay on the 15th of every month i/o the 1st (grace period w/o late fees) and my credit at its HIGHEST was 870.

Cash on cash is about 12%, just as a back of the envelope calculation.With an IO loan, what's the long term strategy?

Remember, you'll need pad as well, so factor in another $1.50 per year or so...Btw, anyone who lives in my area (Atlanta) shouldn't be paying more than $4.50/sq yard for nice, mid-grade plush carpet and less than that for 12mm vinyl...we do live about 50 miles from the carpet capital of the world...

If it ios an adjustable rate mortgage, then I may receive less interst in the payments thereby lowering my yield.

Thus IO payments or even ideally negam payments would be the best.

The Charlevoix Notes offering documents provided to investors stated that the nvestments were guaranteed by a “Charlevoix Home Corporate guarantee.†However, there was i o Charlevoix guarantee. 15.

IO notes generally have balloons and thus carry higher interest rate risk if rates are at all-time lows like they are right now.