[quote=flu]At this rate, one of relatives who did interest only on a $1.5 million loan is looking pretty smart to me…And to think a few years ago, I asked them “are you sure”….Said folks could pay off the loan, but their loan is effectively 3.6%, while their cash on hand is earning interest about 4% in a portfolio….

Sigh, and to think I thought I was smart by doing a 30 year fixed….[/quote]

I doubt they will be ahead of the game over the course of 30 years, but for now (and I suspect the next couple years) they will be well ahead of the game.