We're talking about Bethesda, right? somewhere off Old Georgetown but near the Metro? (please correct me if I am wrong) In this case I don't see how the price can fail to go up. The only question is, will it do it fast enough for you. It's prime lawer land in a government town. And hopefully there will be turnover in four years :P
Dana On Fri, 21 Jan 2005 10:39:22 -0500, Michael T. Tangorre <[EMAIL PROTECTED]> wrote: > Yeah... On top of what everyone says.. I should mention that I live in > Montgomery county MD where the housing prices have gone up 70% in the last 5 > years. That is one of the reasons why I was looking into the pros and cons > of interest only options on the mortgage loan. > > Michael T. Tangorre > > > -----Original Message----- > > From: Ian Skinner [mailto:[EMAIL PROTECTED] > > Sent: Friday, January 21, 2005 10:23 AM > > To: CF-Community > > Subject: RE: Interest Only Loans > > > > I've always heard that getting an interest only loan, is a > > bit of a gamble on the housing market. The buyer is hoping > > that the value of the house will accrue enough in a few years > > that they can re-finance later using the appreciated value as > > the down payment on a more standard mortgage. > > > > -------------- > > Ian Skinner > > Web Programmer > > BloodSource > > www.BloodSource.org > > Sacramento, CA > > > > "C code. C code run. Run code run. Please!" > > - Cynthia Dunning > > > > > > > > ...-----Original Message----- > > ...From: Tangorre, Michael [mailto:[EMAIL PROTECTED] > > ...Sent: Friday, January 21, 2005 6:36 AM > > ...To: CF-Community > > ...Subject: Interest Only Loans > > ... > > ...Has anyone gone down the road of interest only loans for a > > mortgage? > > ...You make interest only payments for the first 5, 10, or 15 > > years then ...regular mortgage payments with interest after > > that initial period is up. > > ... > > ...Pros: > > ...The entire interest initial payments are tax deductible. > > ...You can take the principal portion of the loan you are not > > paying and ...invest it. > > ...Great for people not planning to make the home their final > > residence. > > ... > > ...Cons: > > ...Need to be a disciplined saver/invester. > > ...Monthly payments increase dramatically after initial period. > > ...? > > ...? > > ...? > > ... > > ...Looking for anyone who might have experience with this > > type of loan. > > ... > > ...Thanks! > > ... > > ...Mike > > ... > > ... > > ... > > > > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Discover CFTicket - The leading ColdFusion Help Desk and Trouble Ticket application http://www.houseoffusion.com/banners/view.cfm?bannerid=48 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:143897 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
