Why Interest Only Loans Can Make Sense for Investors
Interest only loans are exactly what their name implies; a loan where the borrower makes payments of “interest only.”
Interest only loans are exactly what their name implies; a loan where the borrower makes payments of “interest only.”
Many investors are holding real estate they have owned for decades. The good news is that their mortgages are paid off, and they own the properties free and clear.
A non-recourse lender is making a loan to the property, rather than to the investor personally.