Quote:
|
Originally Posted by mykalberta
It boggles the mind why someone would want something that long.
|
This is exactly what I'm looking for, especially the only interest mortgages. If I'm only buying a house so that I can flip it in a year, why do I care how much principal gets taken off? The difference in interest is pretty much negligible, and this makes it a lot easier for me to net a positive cash flow through that year.