Not only are banks not doing interest only loans, it's just a bad idea. With this type of loan, you are only paying the interest, and not paying down any of the principal...this is a good way to get into financial trouble.
Work with a reputable lender, one that can provide you with information so that you can find a loan program that will work for you!
If you'd like to contact me, or discuss any of this further, please click on the blue "contact me" link underneath my name!
Kris Plechaty @ First Weber Group Realtors... more