2006-08-17 02:36:20 · 3 answers · asked by Brenda D 1 in Business & Finance ➔ Other - Business & Finance
Yes it is possible.
2006-08-17 04:08:59 · answer #1 · answered by roy_s_jones 6 · 0⤊ 0⤋
if u have good credit u can always refinance and get a whole new mortgage. watch the closing costs. some of the interest only options have big fees associated, that they roll into the loan. u may pay higher interest rate too. the best rate is on a 15 year adjustable, but u risk rates going up, so i recommend a 15 year fixed rate and forget the interest only. housing is not going up as fast as before and u may find u lose money on the house if u do not pay off anything. stay away from home equity loans unless u are in financial sitaution cuz if u have money problems later they will take your home.
2006-08-17 09:42:35 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Yea, refinance into an interest only mortgage.
2006-08-17 09:42:14 · answer #3 · answered by The Man 4 · 0⤊ 0⤋