Sentences with phrase «downsides of the mortgage interest»
That's one of the downsides of the mortgage interest deduction.
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However, the downside of interest - only mortgages is that they're extremely risky for all but the most qualified homebuyers.
The downside of this mortgage is you will not build equity in your home during the interest only portion of the loan.
The downsides: It's a mortgage that can be foreclosed if you stop paying, and after the initial term runs out, you will have to pay back all of the outstanding money — with amortized interest within a shorter period than a traditional mortgage.