OC_relocation
Member
Folks:
If interest only loan is available, would you choose it with just .125% higher rate than P&I option.
Example:
P&I: 4%
Interest Only: 3.875%
Lets assume individual is stable financially, have enough reserves, and will contribute separately towards principals.
If interest only loan is available, would you choose it with just .125% higher rate than P&I option.
Example:
P&I: 4%
Interest Only: 3.875%
Lets assume individual is stable financially, have enough reserves, and will contribute separately towards principals.