Got this email from Union Bank. Banks are getting very creative on lending mortgage. Interest only mortgages
This would mean it’s easier to qualify and buy, so it will add some more steam to what’s going on.
A scary thought considering what is already happening in hot markets
40 years interest only. Woohoo!
Renting with extra steps
Renting but you get to pocket the appreciation.
These loans are only for super rich low leverage people. You and I can never get them. There’s an astricks on them
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Seeing all the plebs on blind with no real world investing history over 2 years giving out financial advice about a crash makes me even more bullish
I am not crash believer. But interest only rates?
Do you think interest only loans are new instruments? 😅