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Interest-only loans on the increase (Tallahassee Democrat)
Phil Dondes followed the experts' advice when he went looking for a mortgage for the .1 million home he bought this spring in Burke, Va.: He consulted five lenders to compare loan rates. Four of them quickly responded with interest-only, adjustable-rate loans that would allow him to defer repaying the loan principal. They said it was the popular way to go.
Interest-only home loan tempting, but tread cautiously (Honolulu Advertiser)
In the movie "Field of Dreams," an Iowa corn farmer kept hearing whispers of "if you build it, they will come." I think of that famous line when I see advertising for interest-only loans. All the financial institutions have to do is build a loan product and people will come — even when they shouldn't.
Interest-only loans may be the only way to buy a home, but there is danger (San Diego Daily Transcript via Yahoo! News)
The interest-only loan may be the only way many first-time homebuyers can get into a residence in San Diego County, but some warn of the dangers ahead if the housing market gets soft.
Interest-only home loans make sense only for a few (Courier-Post)
In the movie Field of Dreams , an Iowa corn farmer hears whispers of "If you build it, they will come." I think of that famous line when I see advertising for interest-only loans. All the financial institutions have to do is build a loan product and people will come - even when they shouldn't.
Home loan could put you in the poorhouse (Kansas City Star)
I n the movie “Field of Dreams,†| 