DISQUS

Greg Jeffcoat · 1 year ago

I agree with the poor choice the mortgage bailout would be. I must take you to task about your generalization of those that have interest only loans. If used properly, an interest only loan will allow the homeowner to leverage their equity and invest it in a higher interest rate investment vehicle. Over time the equity is invested in liquid investments the would easily be accessible to pay the mortgage in the time of need when a regular income is not available as opposed to having the equity payed down to the bank (where no interest is earned by the mortgage holder) and will they let you access it in order to help pay the mortgage? No.
If used properly over the life of a 30 year mortgage, an interest only loan will yield a much higher return on investment and protect the homeowner from loosing their home during times of financial distress.

Thank you for letting me share my viewpoint on this matter.

Sincerely,

Greg Jeffcoat

Tiffany Taylor-Rodriguez · 1 year ago

Should I stop making my mortgage payments so I can get in on all this gift money?