Mortgages That Are Interest Only

An interest-only mortgage comes with a unique characteristic since monthly repayments are supposed to cover the ?interest only?.This type of mortgage is not like the fully amortizing mortgage since the set amount of repayments do not recompense for the principal.Outside the basic premise covering ?interest-only? mortgages, a borrower should opt to pay an additional amount [...]

Source: http://www.legaldebthelponline.com/2011/09/14/mortgages-that-are-interest-only/

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