I have a question that I hope someone can help me with. I have a friend who, a few years ago when purchasing their house, used an interest only mortgage. Now the interest only period is up and her mortgage Doubled to about $4,000 a month. Does anyone have an idea of how I could help her lower that payment, still keep her house, and maybe even have me make a profit on it somehow as well. I dont want to sound greedy like im trying to make money off of her but I figure if I can help her keep her home and me make a little profit as well, it would be a win-win situation.
Any advice would help. Thank You in advance.