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[quote][i]Originally posted by JadeM[/i] Typically you should look to change mortgage every 3-5 yrs!!! If you stick to an interest only mortgage at the end of the mortgage term, assuming you have made all the interest payments, you will owe the same amount that you borrowed at the beginning. So you need to have a lump sum available to pay the mortgage back in one go at this time. [Edited on 17-08-2006 by JadeM] [/quote]
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