belindac replied to the topic Principle & Interest vs Interest only in the forum No Subject 19 years ago
Leo, you will not own the property until the principal has been paid in full. We have used interest only payments when it was a property we wished to flip within a short time. The money we saved by not paying the principal went toward fixing up the property. If you decide to hold the property for a longer period of time than refinance and pay…[Read more]