From what I understand about mortgages, which isn’t a lot at all, I just don’t see any scenario where an interest only mortgage is a good idea.
You pay it off for let’s say 20 years and you still have the full balance remaining. What am I missing?
In: Economics
You are never obligated to make *only* the minimum payment. This is the key thing that you are missing. I think top level comments get removed if they dont have more text than a few sentences. So hear is some additional text to escape our AI overlords.
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