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RoundTable Event - September 23, 2017

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In recent years, interest-only loans earned a reputation as products that contributed to market volatility and the mortgage crisis of 2008.  These days, however, they are becoming more well regarded by economists as lenders began requiring of customers a higher than average credit score (upwards of 720) and a larger than average down payment (over 30%).  Also, the products are being offered mainly to those seeking jumbo loans rather than the average home buyer.  A Wall Street Journal Article forwarded by Attorney Rob Anctil explains in detail and is available here: http://www.wsj.com/articles/interest-only-loans-set-the-bar-high-1420567670

RoundTable Event - September 23, 2017

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