What are the potential impacts of a tightening credit market on borrowers with or seeking interest-only mortgages?
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what is an interest only mortgage Informational
- What are the costs and benefits of refinancing? What are the potential risks of using an interest-only mortgage to finance the purchase of a property in a rural or less liquid real estate market?
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- What information about easements should a buyer review? How do interest-only mortgages compare to chattel mortgages for financing manufactured or mobile homes?
- How can borrowers ensure they can afford the total cost of ownership?
- What alternative financing options might be more suitable for high-value properties? How do interest-only mortgages interact with the concept of refinancing to lower interest rates or change loan terms?
- Are interest-only mortgages more common in certain countries or regions? How do financial advisors typically view interest-only mortgages?
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