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SUPERPOSITION - the principle that the whole is the sum of the parts. This mortgage can result in your principal balance increasing when the monthly payment doesn't cover all of the accrued interest. December 11th, 2006 Comments Welcome If you're considering refinancing your 80/20 loan, this article from the RealEstateJournal. Opt for a full appraisal, even if your lender only requires a "drive-by appraisal. Interest amounts paid on the interest only mortgage loan can be claimed as tax deductions. But we believe that most Canadians can do better when it comes to handling their debt and credit.
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