Zero-interest mortgages are all the rage Make home-buying affordable, but carry considerable risk: 7/ 17/ 2005

Zero-interest mortgages are all the rage
Make home-buying affordable, but carry considerable risk: 7/ 17/ 2005: "As home prices have risen sharply higher along SouthCoast in recent years, many home buyers have found a way to get more house for their buck -- interest-only mortgages.
'It's one of our biggest products,' said Don Chisholm, sales manager with Gateway Funding, a Wareham-based mortgage company. 'That's what everybody wants.'
The popular but risky loans allow borrowers to stretch their buying power by offering significantly lower monthly payments than standard 30-year fixed rate loans. "
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