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Loan Comparison: Interest Only Home Equity Loans Versus Balloon 2nd Mortgage
By Team iBizExpert On February 12, 2022 11:20 PM
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What is a loan that only pays the interest? This is a loan where only the interest is paid back each month. The principal is not paid back. The loaned money may be paid back in 10, 15, or 20 years. By making payments on the principal, a borrower...
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