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Private Lending & Conventional Mortgage Advice

re: Interest Only Loans

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I recently attended a "Financial Planning" class at my job. Someone asked about the "Interest Only Loans". The instructor said "NO, NO NO". I was wondering why. He didn't get into it he just said it's only good if you plan to stay in th house no more than 5 years. Can someone tell me what's wrong with this type of loan?

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