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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (28957)	1/5/2007 2:12:58 PM
From: Rocket Red	Respond to of 78442

lol

To: loantech who wrote (28957)	1/5/2007 3:39:15 PM
From: koan	Read Replies (1) \| Respond to of 78442

Tom, as I am in the same business as you, more less, what a lot of people do not know is that a 30 year interest rate only loan does not have much lower payments than a 30 year fixed rate loan at the same interest rate. Very little principle is paid on a 30 year loan, in the beginning it is almost all interest. And the lack of a down payment really is just a testimonial to their potential inability to keep making payments going forward as the down payment does little to lower interest rates----if that makes sense-lol.