Agent

Are interest-only mortgages a good deal?

Borrowers save money in short term, but pay more over 30-year period
Published on Apr 19, 2004

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Many home buyers are turning to mortgages with interest-only payment schedules so they can afford to buy a more expensive home. These mortgages have lower monthly payments, which makes qualifying easier. But the lower payments don’t last forever, and interest-only ...

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