Introductory Rate loan (or Honeymoon...)
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Introductory Rate loan (or Honeymoon...)

Some lenders offer you a cheaper interest rates for the first year.

You have to read the terms and conditions to see ALL the terms, since this loan can be a very expansive loan in the long run.

You may have to pay a penalty if you leave after the introductory period, or pay much higher interest rate at the end of the initial period.


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