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--Sorry that I can't input Chinese at the moment. Can anyone tell me the main difference between interest only repayment and interest/principal repayment in mortgage if the interest only mortgage allows extra repayment? I asked for an interest & principle mortgage but lender provided an interest only repayment contract for initial 5 years ( interest only period). also I was told that I can repay as much as I can --- that mortgage has one offset account facility so it seems like there is no big difference in terms of repayment and interest amount. Many thanks for any advice. |
