Interest-only mortgages not for all

Democrat & Chronicle: Business: " Interest-only mortgages have been around for eight decades. But until recently, hardly anybody talked about them � much less obtained one.

But with the real estate explosion in certain parts of the country, where homes are appreciating at a double-digit annual rate, the idea of taking out a mortgage where you pay only the interest on the loan for a set number of years has been garnering broad appeal. "
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