"John A. Weeks III" wrote in message
news:john-9BF335.10534320092005@ip-

Why would you do this if you are making a higher rate with your money
than
you are paying on your loan? It seems like you would want to borrow as
much
as possible (everything else being equal).

On the other hand, as interest only, you are basically a renter.
Why not purchase the home instead of renting the money? If you
are borrowed up to your eyebrows, anything bad that happens means
that this whole house of cards falls down, and you lose everything.

-john-


Sorry, I meant on a "traditional" type of loan.