Re: paying off my parent\'s mortgage..help needed
actually there are a few different loan options, 30 year fixed, short term arms, interest only etc. so depending on which you choose, the interest may be fixed, fixed for 2-5 years and then become adjustable or you can pay all interest on your mortgage payment and not touch the principle amount. this probably just confused it more or didn't make sense but it's late, at least i tried.
tony
|