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RE: Loan Repayment Holiday- A Very Bad Idea

in LeoFinance2 months ago

Amen. I pay down additional down payments on my mortgage any chance I get. I purposefully asked for a split mortgage at the time, and it was not even a product with bank at that time,but I pushed them to give it to me. It was designed for mortgage arrears, but I saw a loophole.

I fixed 80% at a great rate and left 20% fixed allowing down payments without penalty, which has worked out great.