tag:infinitekind.tenderapp.com,2009-01-14:/discussions/general-questions/121640-interest-only-home-loanInfinite Kind: Discussion 2022-08-15T21:40:21Ztag:infinitekind.tenderapp.com,2009-01-14:Comment/538184722022-04-13T21:40:30Z2022-04-13T21:40:30ZInterest only home loan<div><p>I'm a fellow user.</p>
<p>The Moneydance loan account only works for Principal and Interest loans, it is not designed for Interest only loans.</p></div>dwgtag:infinitekind.tenderapp.com,2009-01-14:Comment/538184722022-05-16T15:31:49Z2022-05-25T06:43:02ZInterest only home loan<div><p>I wouldn't take any credit at all, because credit is like a debt that you have to pay back over a period of time and still overpay. Learn to save money, and then buy and do not depend on anyone. Why, for example, would I take credit for a TV or a radiator I've been wanting to buy for a long time with <a href="http://www.radiatoroutlet.co.uk">http://www.radiatoroutlet.co.uk</a> if I can wait a bit and buy it in its entirety. This is certainly not an appropriate comparison, but in any case, it is better to save up and buy than to overpay for life.</p></div>britanyweelborgbih63tag:infinitekind.tenderapp.com,2009-01-14:Comment/538184722022-05-16T21:31:24Z2022-05-16T21:31:24ZInterest only home loan<div><p>Interest only loans are often used by investors with an investment property. Interest becomes part of the expenses of the property and the loan itself is repaid from the capital gain upon sale, thus also reducing the amount of the gain that is taxable.</p></div>dwg