Agent

Pros, cons of interest-only mortgages

Tax-deductible interest a plus for short-term owners
Published on May 12, 2004

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by CareyBot

DEAR BOB: My wife and I missed the mortgage refinancing “boat.” We thought interest rates would drop further. Instead, they went up. But a mortgage broker friend suggests we instead get one of the new “interest-only” mortgages to keep our ...

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