


What due diligence should a borrower perform before considering an interest-only mortgage? What are the key questions to ask a lender about an interest-only mortgage?
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what is an interest only mortgage Informational
- How does market liquidity affect the ability to sell or refinance a property?
- How does selling a property financed with an interest-only mortgage work?
- What role does title insurance play? How do interest-only mortgages interact with local zoning laws and building codes?
- Are there any restrictions on altering historic properties? How do interest-only mortgages interact with the process of obtaining a certificate of occupancy for a newly constructed or significantly renovated property?
- What alternative financing options might be available for short-term financial needs? How do interest-only mortgages compare to other types of non-traditional mortgages?
- What are the key principles of Islamic finance related to mortgages?
- Can the interest rate on an interest-only mortgage be fixed or variable?
- Under what circumstances might a private mortgage or seller financing be a viable option? What are the potential risks of using an interest-only mortgage to finance the purchase of a timeshare or fractional ownership in a property?
- What are the financing challenges for property developers using interest-only mortgages?
- What due diligence should buyers perform regarding local environmental ordinances? What are the potential risks of using an interest-only mortgage to finance a property with a high vacancy rate if the intention is to rent it out?
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