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About Creative Exotic Mortgages
High Home Prices and Higher Mortgage Interest Rates has made home buying difficult in recently. In most cases, would make it impossible for many homeowners to have bought a home without Creative Home Loan products.
Nontraditional mortgages are interest-only and payment-option loans.
An interest-only mortgage defers payment of any principal for an initial term after which the monthly payment is adjusted to amortize the loan over the remaining term.
A payment-option mortgage allows the borrower to select a from among a number of monthly payments some of which may result in negative amortization.
Ahorre June 8, 2006 07:13 AM | ITIN Loan | Tarjetas de Credito