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Author: JustGeorge Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308349  
Subject: Re: Interest Only Mortgage Date: 9/17/2005 3:42 PM
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I would not do it as I think for myself that owning your home outright should be what your striving for and refi-ing every 5 years with a interest only mortgage would not accomplish that.

The usual average of apperciation for homes is about 3% not 6% and using the 6% figure is aggressive especially if the Fed continues to put the brakes on raising interest rates trying to slow the economy down.

Get a traditional mortgage and whatever you have each month extra use that for investing do not use your home in the manner that this guy wants you to.
Just my humble opinion.

--George
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