About Writer Tony Baricevic is a Senior Loan Officer with Amerimac First Mortgage in Los Gatos, CA. His focus is on objective loan education and information. For a copy of The Top 10 Mistakes when Buying/Refinancing a Home go to http://www.quicloan.com
Interest Only Loans Secrets Interest Only loans gained widespread popularity in 2003 when FannieMae, the largest purchaser of secondary market home loans, provided guidelines to wholesalers for purchasing them. FannieMae calls it Interest First also known as Interest Only option. Until recently, this type of loan was common among seasoned investors who were looking for improved cash-flow allowing them higher profit margins...... Similar Editorial : Low Interest Car Loans by Mathew Kenny. | Source : Public Debt Management
