Interest only mortgages (IO) are something of a rage these days as
people use the real estate market as an investment. You will pay only
the interest on the loan for the first couple of years but beware the
unpredictable real estate market. Come selling time, the house may not
be worth as much as you paid for it and you will have to come up with
the extra money to pay the loan back...money that you may not have.
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