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From: Mike .
Interest only versus Principal & interest
From: Joe
Date: 5/12/00
Time: 1:18:20 PM
Hi, I'm new on the forum and have been reading here for the last few weeks. I'm looking for my first IP and hopefully it will be the first of many. This might be a silly question, but why is it everyone says to pay interest only and not principal and interest? Wouldn't there be more equity if you're paying principal as well and therefore shrink the loan down? Hope someone can give me a good answer. p.s. i really like everyones comments and some people really know what they're talking about here. great stuff, keep it up.
Interest only versus Principal & interest
From: Joe
Date: 5/12/00
Time: 1:18:20 PM
Hi, I'm new on the forum and have been reading here for the last few weeks. I'm looking for my first IP and hopefully it will be the first of many. This might be a silly question, but why is it everyone says to pay interest only and not principal and interest? Wouldn't there be more equity if you're paying principal as well and therefore shrink the loan down? Hope someone can give me a good answer. p.s. i really like everyones comments and some people really know what they're talking about here. great stuff, keep it up.
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