How an Interest Only Loan Works
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Uploader Comments (armcrash)
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Yeah man. That's what happend to my friend. He got a interest only mortgage on a 450,000 house in Los Angeles, CA and now the house is sellable at 360,000.
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Interesting video. Check out some of our videos on interest only loans and other mortgage options.
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Yea! BURN THE F*UKING HOUSE!!! I MEAN THE F*UKING BANKS!!!
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Good vids!!
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looks good - until your loan resets, and you can't get serial refinancing, and your house is worth 30-50% less than when you bought it. oops.
That spells trouble.
kabloozie 3 years ago
heh - great point
armcrash 3 years ago