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Old 06-26-2008, 08:45 PM
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Default Can you pay only interest on a existing...
...mortgage loan?
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Old 06-27-2008, 11:33 PM
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Default How foreclosure starts
It depends, if you have your mortgage structured as an interest only option then yes you can. If you have a fully amortized loan than anything less than a full payment will accrue late charges and at some point your lender will not accept payments and start the foreclosure process.
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