Are any loans on homes ever stair stepped up? - Posted by Roger (WA)

Posted by Brent_IL on February 14, 2002 at 11:05:48:

Is a hybred arrangement/agreement. Sorry for the typo.

Are any loans on homes ever stair stepped up? - Posted by Roger (WA)

Posted by Roger (WA) on February 12, 2002 at 18:06:17:

Does anyone know of any loans that might have a stair step approach to paying them off? We would like to purchase a bigger house with the land we need in our same school district. The price is above what we can afford right now. I’ve never heard of any except for the interest only loans on seconds, but there are a lot of things I’ve never heard of. Maybe one of you has.
Thanks,
Roger

Re: Are any loans on homes ever stair stepped up? - Posted by Brent_IL

Posted by Brent_IL on February 14, 2002 at 11:01:19:

I know they were available about twenty years ago, but I’ve only seen them used in connection with private arrangeemnts. Try Ed Garcia on the financing board.