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Archive Home > 2002 > September > 21 > Interesting mortgage option roars back

Interesting mortgage option roars back

Emergence of the interest-only loan an option for some buyers

By Kevin Max / The Bulletin
September 21, 2002

Whether it's because consumers are feeling pinched or that real estate has become one of the few compelling investments around, interest-only mortgages are making a comeback from the Roaring '20s.

An interest-only mortgage is a loan where the home-buyer pays only the variable monthly interest on....

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