[Porsche-O-Phile]

Okay, here's the question regarding I/O loans (since I have one particular mortgage broker that seems hell-bent on pushing them):

"In anything other than a rapidly appreciating market (which we don't have), why on earth would anyone be willing to give up the most beneficial aspect of home ownership - that being equity building?"

With an I/O loan, you build NO equity whatsoever. It's essentially an overpriced rent payment to a bank instead of a landlord per-se.

Why would anyone even consider this?