Question by Amanda: If you obtain an interest-only mortgage, can you refinance to a traditional mortgage later?
Right now I am staying home with the kids but I plan on going back to work when they begin school in four years. Is it possible to obtain an interest-only mortgage for, say, five years and then refinance to a traditional 30 year mortgage later on?
Answer by Boo Too
If you get a mortgage loan and decide to refinance in several years, that will be an option. Keep your credit clean & you’ll be good.
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