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[quote][i]Originally posted by --Dave--[/i] [quote][i]Originally posted by JadeM[/i] [quote][i]Originally posted by James[/i] Surely interest only mortgages are just the same as renting? Or am i being stupid? :( [/quote] Clever person would move up every couple years to the biggest house they can afford on interest only, hang on 5 years or so until its doubled in value then downsize to a comfortable sized house & go repayment. The profit from downsizing will pay most of your new mortgage!!! Thats my 10yr plan to be mortgage free anyway!!! Might work might not:look: [/quote] This is the way to go :thumbs: We're doing the same. [/quote]
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