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What is the payment schedule once the interest-only option has expired?

April 26, 2017expired interest-only option payment schedule

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What is the payment schedule once the interest-only option has expired?

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The outstanding loan value is amortized over the loan period remaining once the interest-only option period has expired. For example, if the loan is a 30-year loan with a 10-year interest-only option, then the outstanding loan value will be amortized over 20 years (30-year loan less the 10-year option period).