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by cardiffspaceman 1466 days ago
There are quite a few mortgages in the states that don't pay the principal until the end, but it creates drama at the end. Some friends of mine went that route and when the principal came due after 5 years, lots of assumptions turned out to be wrong and they had to sell to pay back the principal.
1 comments

Yikes. Yeah, that sounds like how normal fixed-interest works here :(