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Yeah it’s basically a huge personal loan. Wouldn’t put them in the same category as mortgages at all.
by tempsy 6y ago
Yeah it’s basically a huge personal loan. Wouldn’t put them in the same category as mortgages at all.
- perl4ever 6y agoIt's variable rate, but it's not necessarily as restricted as is being implied. And you can have, say, an interest only period for 10 years and then a 15 year period to pay back, which is not that different from a 30 year mortgage.