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33.In recent years, lenders have begun offering interest-only loans, let borrowers to fund only the interest for a unique number of years to lower the payments. The principal will not be paid down on this period in the loan, and next the monthly premiums will rise significantly.

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15.Mr. Klein says most first-time buyers are unfamiliar with the loan products usually are available additionally have no feeling for which the monthly loan payment will be or for your process of going of a loan application to the approval to the closing.