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Peter Wrote:
Well, of the 4 payment options you list, three of them are available to you with an interest-only mortgage. Of course, to calculate the 30 year and 15 year payment, you'll have to do your own math. The bank won't be calculating these for you.

Actually, they do calculate the 30 and 15 year for you on the statement. Another nice feature of this loan. I have several actual bill samples from our mortgage broker who uses this actual mortgage on a few of her rental properties.

Thanks Peter...We are thankful for any and all additional feedback on this!
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