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    ur initial interest rates are fixed, and you only pay interest for the first one, three, or five years.

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    Interest-only mortgages are mortgages that for the first year or for the first few years of your loan, you’ll pay only interest on the loan and you will not be making payments against the principle balance. These types of loans can be risky. Here is some information to help you determine whether a sub-prime interest only mortgage loan is right for your situation.

    Why Some Borrowers Do This
    On the surface sub-prime interest-only mortgages appear to be a good deal. It allows you to buy a larger house and obtain a larger loan. Your initial interest rates are fixed, and you only pay interest for the first one, three, or five years.

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    Why Some Borrowers Do This
    On the surface sub-prime interest-only mortgages appear to be a good deal. It allows you to buy a larger house and obtain a larger loan. Your initial interest rates are fixed, and you only pay interest for the first one, three, or five years.

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    Why Some Borrowers Do This
    On the surface sub-prime interest-only mortgages appear to be a good deal. It allows you to buy a larger house and obtain a larger loan. Your initial interest rates are fixed, and you only pay interest for the first one, three, or five years.

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    The Debt Consolidation Loan is the tool for the repayment of various other debts or other loans. It is a loan with a low cost attached to it and is secured against collateral in the manifestations of vehiclur initial interest rates are fixed, and you only pay interest for the first one, three, or five years.

    Interest Rates Increase
    You get hit after this initial interest-only period ends, however. That’s when your interest rates become variable and often increase, and your mortgage becomes a traditional loan. The problem comes in when you are required to make much higher monthly payments than you are accustomed to. At that time you’ll be making monthly payments against your higher interest rates along with the amount of your loan. If you aren’t earning more money each month by the time your loan changes, you may struggle to make your loan payments on time.

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