Question about Interest only mortgage.?

  • Thread starter Thread starter iiiigoodguyiiii
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iiiigoodguyiiii

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There some lenders that offer a fixed rate mortgage that only requires the interest payment for, lets say, first 10 years of the loan. Now, with this type of loan, does the borrower have the option of making an additional payment to the Principal if one wishes to during the first 10 years when only the interest payment is required?
 
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