by Anonymous on March 11th, 2005

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Is it okay to have an interest only mortgage for 6 months to 2 years, if you are on a fixed income or retired?

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by jalex137 on August 24th, 2005
If you're on a fixed income/retired, and your home is paid for, maybe what you want is a "reverse mortgage". They can be a good option for some folks in that situation, and provide a regular flow of cash. Here's info from AARP:

http://www.aarp.org/money/revmort/
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Is it okay to have an interest only mortgage for 6 months to 2 years, if you are on a fixed income or retired?

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