Daily Archives: June 25, 2014

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Pros & Cons Of Interest Only Mortgages

June 25, 2014/Tip of the week/0 Comments

The advantage of an interest only home loan is that the monthly repayments are lower than for a normal “principal and interest” mortgage. The disadvantage is that you typically pay more in interest over the full term of the loan. However most people who take out an interest only home…

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