GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Anyone have an interest only loan on your house/condo?

psili · 07-19-2005, 10:43 AM

I had a 80% ARM and a 20% HELOC (interest only) for the first 2 years and the interest only loan never diminished in principle, even if I overpayed. I consolidated both to get out of the HELOC and even after a couple of months, it's a joy seeing the principle go down.

Don't do a heloc if you don't have to. They're pretty shitty.

07-19-2005, 10:43 AM
psili Confirmed User Join Date: Apr 2003 Location: Loveland, CO Posts: 5,526	I had a 80% ARM and a 20% HELOC (interest only) for the first 2 years and the interest only loan never diminished in principle, even if I overpayed. I consolidated both to get out of the HELOC and even after a couple of months, it's a joy seeing the principle go down. Don't do a heloc if you don't have to. They're pretty shitty. __________________ Your post count means nothing.