Exactly what are the advantages of purchasing dominating and you will focus (P&I)?
Exactly what are the advantages of purchasing dominating and you will focus (P&I)? An element of the difference between focus-merely (IO) and you may prominent-and-attract (P&I) loans is how the fresh new money try planned. With an interest-only loan, you pay only the appeal to possess a-flat several months, which keeps repayments lower however, does…