05-17-2021, 01:16 PM
(05-17-2021, 08:12 AM)SHRacerX Wrote: Don't give Californians too much credit...most of them used something awful called an "interest only loan" to make their mortgages doable. It is amazing how the states like California, Illinois, and NY are doing so poorly and people are moving away from there. Stupid leadership.
Despite being a finance minor (Econ major), I've literally never heard of a interest only loan. Now I have research to do.