Tag Archives : interest only mortgage loan

Interest Only Payments

Interest Only Payments

Posted by on October 19, 2011 · 0 Comment

There are various types of loans whose rates can change daily, so before signing and committing to an agreement, the consumer must check out the terms. If somebody is applying for an interest only mortgage, it means that the individual is taking risks because there is no fixed rate on which one may depend. Important thing is to know the risks and get prepared for the best and worst.

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