Say NO to interest only!!!

The Real Estate Trap...Stop it with the "interest only" mortgages! If you are looking at an interest only mortgage, you need to save your money, pay down your debt and call me in 12-18 months. I have too many clients who are now caught up in either an ARM (adjustable rate mortgages) or an Interest Only Mortgage. They are now upside down (owing more than the home is worth). Wait it out! Homeownership should be a pleasant experience not something that makes your stress levels rise! Remember you want to own the home, you don't want the home to own you!