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I guess those who could not stand having "lazy equity" would. It's not a term I use or like so I didn't.

30 year, IO is a contradiction in terms. An IO loan is eternal ie it NEVER gets paid off. For it to be a 30 year loan it must reset to P&I after some years and then go to a higher payment than would otherwise be the case. Even my Macquarie LOC reset eventually to where I now pay down the...