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Author: tigemac Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 127710  
Subject: Re: Need some interest-only mortgage advice plea Date: 6/13/2004 10:15 PM
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Peter Wrote:
Well, of the 4 payment options you list, three of them are available to you with an interest-only mortgage. Of course, to calculate the 30 year and 15 year payment, you'll have to do your own math. The bank won't be calculating these for you.
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Actually, they do calculate the 30 and 15 year for you on the statement. Another nice feature of this loan. I have several actual bill samples from our mortgage broker who uses this actual mortgage on a few of her rental properties.

Thanks Peter...We are thankful for any and all additional feedback on this!
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