Agent

Short-term owners consider unique real estate loan

Pros and cons of interest-only mortgages
Published on Nov 11, 2004

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by CareyBot

DEAR BOB: We are thinking about refinancing our home loan, which has a 6.75 percent interest rate. The mortgage broker who made us our loan several years ago offers an “interest only” mortgage at 5.75 percent guaranteed for five years ...

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