[quote=hammer]That is an unfair comment. Not hyping anything, just real live market info.
I felt the 15 year jumbo IO is an interesting product if one would rather save cash than pay down principle heading into some inflationary cycle in the future. The rate seemed pretty low…just looking for more knowledgeable opinion.[/quote]
It’s a whacky loan. It’s only purpose is to allow people to speculate
on house prices and interest rates. It will explode and kill people
just in a longer period of time then a 5/25.
sorry, F^&k You. we’ve got a tsunamai of 5/25’s going bad, and you
are hyping a 15/15 IO.
