Are An Interest-Only Mortgages a Bad Deal?

An interest-only mortgage is enticing; the low monthly payments make it possible for people to buy a home who otherwise could not afford one, and it allows people to buy bigger and better homes than they could with a conventional mortgage.

But the reality is that with the real estate boom slowing down, the interest-only loan isn't the great opportunity is seems to be; it's actually a big, expensive, messy time bomb, waiting to explode.

http://benchmarklending-mortgage.blogspot.com/

[wilf]

Very interesting old chap, but did you mistake this place for somewhere where financially-responsible people go?

Here we like expensive toys, which cost us a fortune in time, money, and bruised knuckles, which consume fossil fuels and tyres at alarming rates, and on which most of us make a significant loss.

Thanks anyway, and do feel free to tell us about investing in third-world economies next time you visit.