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    picken68's Avatar
    picken68 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Feb 21, 2007, 07:42 AM
    What happen afte a 10yrs interested only is paid off
    What happen after my 10yr interest only is up do my mortgage rate change
    shelley7180's Avatar
    shelley7180 Posts: 63, Reputation: 4
    Junior Member
    		  
    #2

    Feb 21, 2007, 08:00 AM
    Your payments are going to sky rocket. If you don't plan on staying in the house for 10 years then it's a good deal, but if you do then I would look into a fixed rate mortgage.
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