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I received some junk mail this weekend - big deal right? Well, one piece stood out as a potential sign of where the real estate market is headed - a mortgage refinance offer from Bank of America that included among it's options a mortgage with interest-only payments for the first ten years! I have noticed lenders coming back to the table with more and more aggressive loans over the past few months, but this is the first time I've seen a major national lender actively pushing interest-only residential loans in a while.
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