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Interest only mortgages PDF Print E-mail
Written by   
Wednesday, 02 February 2005

This is the first major type of mortgage.

You basically split the repayment of the mortgages between the interest and the capital.

The interest of the loan is paid monthly to the lender and the capital is paid at the end of the loan.

Usually, you invest in an alternate fund to repay the mortgage. This is done monthly and you expect that your investment will cover the loan.


Last Updated ( Wednesday, 02 February 2005 )
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