Thursday, February 28, 2008

Interest Only vs Repayment Mortgage

The council of mortgage lenders statistics show that interest only mortgages have been increasing in popularity in recent years. I believe interest only mortgages now account for about 20% of mortgage approvals up from 10% at the bottom of the housing boom in the early 1990s. For many homeowners, especially first time owners, interest only [...]

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[Source: Finance Blog]

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