Updated about 6 years ago on . Most recent reply
Are Interest Only Fixed Rate Mortgages good for refinancing ?
Looking to refinance my non-warrantable property to pull out the equity. I was offered a 30 year fixed at 5% with a Interest Only Fixed Rate Mortgage. Has anyone had experience with this type of product? I know it is hard to get refinancing on non-warrantable properties so this may be an only option.
Thank you for your input.