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Updated about 9 years ago,
Repayment Mortgage vs Interest-Only
As the title suggests, I've read conflicting resources suggesting that either:
- repayment mortgages are better due to the added benefit of mortgage paydown; and
- interest-only mortgages are better due to higher monthly cash flow.
Does anyone have personal experience using both, and which is better in the long run - for buy and hold purposes?
Thanks for any help.