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Interest Only Loan
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The interest only period of the loan does not normally extend to the full life of the loan but is
limited to something like a 10 year period, after which the mortgage converts to a fully amortized
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Interest-only loan An interest-only loan is a loan in which for a set term the borrower pays only the
interest on the capital; the capital remains owing. At the end of the term the borrower repays
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