5 Year Interest Only Mortgages

Home Loans

5 Year Interest Only Mortgages
(presented by www.refinance-refinance.net - mortgage lenders)

By Kristy Annely

Interest-Only Mortgages, have been popular for decades now due to the primary reason that they allow you to pay only interest for the first five, ten or thirty years of the loan, thereby lowering your monthly payment. Since the interest is paid on a monthly basis, it is an attractive proposition, especially if you are a looking to make a purchase and then repay it in the long run.

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HOME LOANS ADVERTISEMENT

The shorter time period repayment options are extremely popular, across every strata of the society. Those who want to get a housing loan based on an interest-only mortgage would find a 5-year repayment option attractive for a variety of reasons. For one you would be able to own a house. Then comes the added advantage

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