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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: mishedlo who wrote (7307)	2/8/2004 10:41:56 AM
From: ItsAllCyclical	of 110194

OT - Interest only home loans. I think they do have their place. It's crazy to market them to the general public, but I myself was considering one recently. It came down to either owning my house outright or taking out a large interest only loan to allow me to continue playing the market with a greater portion of my assets. Even though I'm not crazy about the housing market (it's pretty good still in NC - less downside imho) I like the idea of being debt free. But if we were in a different market I would have strongly considered taking the interest only loan as I think I can beat a 4% ROR. FWIW.

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