Interest Only Mortgage Loans

This calculator will help you to decide whether or not it would be advantageous for you to refinance either a single mortgage, or the consolidation of a first and second mortgage, into a single mortgage. Not only will this calculate the monthly payment and net interest savings (if applicable), but it will also determine how many months it will take to break even on the closing costs (if applicable).

This is not directly related with interest only loans. But it still gives an exellent piece of advice.

So, everything is set up. Last week I spend a tremendous amount of time submitting my new interest only blog to all kind of listing services, making sure to be in the correct real estate or mortgage category.

Submitting a blog to various services is an extremely boring and time consuming thing to do, but if I am ever going to be talking to real live visitors who will be searching the web for information on real setae, buying or selling a house financing property with an interest only mortgage loan or carrying back paper in a sales transaction, which is normally an interest only loan, then I better not complain and find the time to do a little more.

I am convinced that there are a lot of people out there who have no idea how an interest only mortgage works. They have no idea for instance that if they are asked to carry paper back when selling real estate, it will be an interest only loan, and above all they have no idea that there are a number of products that have interest only versions but non the less they all have a short and fixed period of interest only charges.

Do you know that you could get an option arm mortgage and still have the interest only option anyway?

Well keep reading because there is a lot more to interest only loans that you don’t know…

A clean Looking, Interest Only Mortgage Blog, site. After a lot of searching I found a template for my interest only mortgage blog that looks a little more reasonable. Tried a few hacks to make it look a little better but no chance, this is well beyond my knowledge of HTML so I’ll stick with what I know; Mortgages, Home Loans, Construction Loans and in general everything to do with Real Estate Finance with an emphasis on Interest Only Mortgage Loans.

Before anyone jumps to any conclusions lat me hasten to add that I have no intension of posting several posts a day. I am doing that right now because I spend a lot of time last night and this morning submitting this site to a number of blog lists in their real estate category.

As a matter of fact I’ll probably have enough useful material to post around 300 to 500 word articles on interest only mortgages, as well as other home loans and mortgage products.

Is there really a need for an entire blog dedicated to such a narrow subject?

I think there is; Interest only loans can actually get very confusing. What the general public calls an interest only mortgage loan can actually be based on a Fixed Rate Mortgage, a 3/1 ARM, a 5/1 ARM and indeed one the other less common forms of the fixed period ARMs, the 7/1 and the 10/1.

But it does not end there. The interest only portion of an Interest Only Mortgage Loan is limited in its term (period) after which the loan has a much less than 30 years to fully amortize, adjust payments dramatically upwards…

I will of course be writing about all kinds of mortgage products and credit issues as they are directly related to the subject but of courser the emphasis is going to be interest only mortgages

A First Post
With the ever increasing popularity of interest only mortgages I decided to create a site dedicated to it in which I will give a full explanation of interest only mortgage loans for all your residential real estate transactions.This is just a first post to get the ball rolling.