A reader was interested in a variable rate mortgage (which I have already posted), however with a twist. He wanted an interest only option for the first given interest rate. Others might find this helpful.
Retired Credit Union CFO - Finance
Background: over 40 years in investments, asset/Liability management, banking, securities trader.
Worked for: California Credit Union, WesCorp, CalFed S&L, Crocker Bank, Carroll McEntee, Federal Home Loan Bank Board (D.C.), Western Asset Management, Security Pacific National Bank.