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There
are essentially two main classifications of mortgages:
repayment only mortgages and interest only mortgages.
This is the most general classification that can
be made between mortgages, but each one usually
features a number of further options within that
must also be considered (such as choosing between
a fixed or variable interest rate for instance).
There are advantages and disadvantages to each
type of mortgage, so it is important to thoroughly
explore all of the options open to you so that
you choose the right mortgage for you.
Interest Only Mortgages
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