 Kannekt Forum Index Shore Club Condominiums  Interest only ARM vs. Principal and Interest ARM; 80-10-10 options
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Re: Interest only ARM vs. Principal and Interest ARM; 80-10-10 options | #11 |
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Anonymous
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Question for anyone who wants to use an IO and pay off principal with next years bonus -- why not use the past years bonus and use it to pay off this years principal for a non IO loan ? If you're already spent it -- well think hard about whether you will really be able to pay off the principal with the next bonus ...
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Re: Interest only ARM vs. Principal and Interest ARM; 80-10-10 options | #12 |
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anonymous
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what about HELOC vs. Home Equity Loan? no comments on that? is anybody taking out a second loan or you guys all paid down 20%?
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Re: Interest only ARM vs. Principal and Interest ARM; 80-10-10 options | #13 |
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Anonymous
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Quote:
Good point.. I know people in IBD (investment banking) earning 100K and year and getting over 100% bonuses... and they are still living on rent paying $2000 a month for someone else's mortgage. |
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