Taking out an interest-only mortgage as a way to borrow more and pay less on a monthly basis can be dangerous. In looking for an affordable way to purchase your dream home, you may have considered an interest-only mortgage.
Taking out a home equity loan to make your home more “green” and energy efficient can have the long-term effect of increasing your home’s value. But don’t forget the immediate benefits: a warmer home in the winter and a cooler one in the summer.
It’s no secret: Applying for a mortgage loan isn’t much fun. It takes tons of paperwork, time and, unfortunately, money.