Posted by brandoncbsre on March 07, 2009 at 06:39:12:
Have you tried talking to a broker that does FHA loans?
30 yr fixed at 7.5% interest only! - Posted by TDChicago
Posted by TDChicago on March 06, 2009 at 10:53:38:
I was desperate to get my condo in 2007 and took interest only to “save” some money. I still pay toward principal when I have extra money. My place was purchased for 219,900 and I have only paid down about 1,500 on it. I hoped to convert to a convetional loan with a lower interest rate, but it is proving tough in this market. I am not sure what my question is to be honest. Im hoping someone see’s this and has some direction for me, Im not sure what I can do. Thanks. TDChicago