Your statement that it’s “B.S. about a lending agent not making more one way or the other on interest-only vs. 30-year fixed” is COMPLETELY ignorant.
I don’t care what expert you have listened to or what books you read or what friend in the business you have spoken with. It ISN’T TRUE.
I’m in the business. I know how loans price out.
A PAR RATE INTEREST ONLY LOAN pays NOTHING, not a penny
Neither does a PAR RATE 30 YR FIXED.
You may be dealing with loan agents that have some internal incentive to push those loans, or if you are dealing directly with a bank, same thing applies.
It’s myths, falacies and misinformation that make dealing with people like you impossible, even when you are told the absolute truth.
I’m sure that you think a financial adviser who tells you stay in the market and just keep investing is wise. Good luck to you.
You obviously read in between my post and picked out the words to make your case, and overlooked my point.
