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We let you know just how interest-only mortgages work

We let you know just how interest-only mortgages work

The benefits and pitfalls for this niche home loan item.

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Though loan providers generally have qualifying that is tight for interest-only loans, there are loads of competitive provides available to you. For investors, an interest-only home loan can optimize returns and minimize re payments into the short-term. For house purchasers, they are able to offer some respiration space early in the loan — though it’ll expense more into the run that is long.