Updated almost 4 years ago on . Most recent reply
Interest only payments?
I bought a sfr last year that was a total gut rehab and had a construction loan on it and only had to pay interest for a year.I just found anther property with two single wide trailers and a house on it that are all fully remodeled this year.The bank I deal with said they would let me pay interest only payments for the first year.She can’t really understand why I would want to do that but my opinion is it’s more money in the bank for me which is needed since I’m just getting started.Anyone have any opinions on this?