Investor · Cleveland, OH · Member since 2015 · 6k+ posts · 2k+ votes
9y
While interest rates are LOW, I reckon: normal amortized mortgage will be better. Repayments aren't MUCH higher, and the principal IS being paid down (however slowly).
If you can't make the numbers work with normal mortgage repayments, is it really a "deal"? My 2c.
Welcome to BP. Is there a particular reason why you asked this question? All the best...
Bolton, Greater Manchester · Member since 2016 · 5 posts · 1 vote
9y
thanks great advice.i was curious because some investors recommend interest only mortgages to grow a portfolio faster but i just can't get past the loan to value ratio not changing at all.i like debt as a tool for growth just don't like it hanging over my head for THAT long.