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Interest-Only Mortgage Loans Explained: Pros, Cons & Who They Fit — featured image
Home-loans
11 min read

Interest-Only Mortgage Loans Explained: Pros, Cons & Who They Fit

Interest-only mortgages allow borrowers to pay only the interest portion of their loan for a set period, typically 5 to 10 years. During this time, monthly payments are significantly lower because you're not paying down the principal balance. Once the interest-only period ends, t

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