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Interest only loans in Texas?

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bkelly Joined: 07 Apr 2008 Posts: 1 1.26 Dollars($)	Posted: Mon Apr 07, 2008 3:48 pm    Post subject: Interest only loans in Texas? Like 0 Dislike 0 What are the laws in Texas regarding interest only. Can I do a loan up to 80% with an interest only program, or would it have to be fully amortized? If so, what does the law say about IO loans?
jenkin7 Joined: 04 Jun 2007 Posts: 4537 Location: Hawaii 728.43 Dollars($)	Posted: Tue Apr 08, 2008 12:36 am    Post subject: Like 0 Dislike 0 Hello Roxanne, Welcome to the forum. You can take loan up to 80 percent with an interest only loan program. Are you willing to stay here for a shorter period of time? BTW you can consult with the community lenders directly on this regard with No-obligation free consultation at http://www.mortgagefit.com/ Feel free to ask the community if you have any further query.

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