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:
Anyone have an interest only loan on your house/condo?
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07-19-2005, 10:51 AM
Peaches
Old broad
Join Date: Oct 2002
Location: Away
Posts: 13,933
No! Also put down at least 20% so you don't pay PMI.
I took an HELOC out immediately so I'd have access to the downpayment but if you don't use it, it doesn't cost anything. It's my "dire emergency" fund ;)
'
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