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Updated about 3 years ago on . Most recent reply

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Chris Kendrick
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Cheapest mortgage payment

Chris Kendrick
Posted

Would doing an interest only mortgage be the cheapest for lowest monthly payments, i want to get the most cash flow as possible, is the interest rate on that higher or maybe doing like a 5 percent 5/1 arm be better or lower payment, what eveyone thinks

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Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
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Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
Replied

What difference would an answer be now?  It would just be a guess. When you have a specific property in mind, just go to any lender and apply whatever loan products they are working with at that time to that property, and you you'll have an accurate answer.

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