Friday 3 February 2012

Following Changes with an Interest Only Mortgage Calculator

So you're interested in an interest only mortgage program but you want to make sure you know what's going to happen down the line? Find a good interest only mortgage calculator and educate yourself on exactly what will happen when your interest only mortgage changes to one which forces you to pay towards principle as well. By arming yourself with knowledge, you can make the right decision about whether this type of program is right for you in the long term or if it's too risky.

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