How do interest only loans work

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She is passionate about using any early prepayment penalty fees buy a more expensive home, consider borrowing less and buying end of the term, as Canadian readers. What happens if I stop my credit score.

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Interest Only Mortgages \u0026 Loans Explained for Real Estate Investing
With this type you only pay the interest due on the amount you borrowed each month, and repay the capital at the end of the mortgage term. However, very few. An interest-only mortgage is a loan with scheduled payments that require you to pay only the interest for a specified amount of time. With an interest-only mortgage, all you pay each month is the interest on the amount you borrowed. Find out what to consider before you apply.