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Home / Columnists / Jim Woodard / Some buyers are ‘flipping’ for interest-only mortgages (access required)

Some buyers are ‘flipping’ for interest-only mortgages (access required)

Applications for interest-only home mortgages are on the rise. They are especially popular with investors or "flipper" buyers who hold title for a very brief time, or buyers who have trouble qualifying for a conventional mortgage. An "interest only" mortgage is one for which the scheduled monthly mortgage payment consists of interest only. The option to ...

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