Wednesday, February 23, 2022

How does 'interest only home loan' work; should you opt for it?

The interest free period that you get on the interest only home loan is just an extension of your home loan tenure. So, if you are taking a 3-year interest only initial payment period and want a subsequent repayment tenure of 15 years then your final tenure will increase to 18 years.

from Personal Finance News-Wealth-Economic Times https://ift.tt/TS2Z9IW

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