Key Facts about Non-Traditional Mortgage Features
Interest Only Balloon . Fixed Interest Rate . Your loan has a fixed interest rate of . 7.5%. A fixed interest rate means that your interest rate will not rise over the life of the loan. Payment - Interest-Only Mortgage . Your loan payment for interest ($ 1875.00) and mortgage insurance ($ 62.00) is $1937.00 and cannot rise. This will not reduce ... ................
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