Finance
An 'interest-only' mortgage in Hawaii means the borrower initially pays:
ABoth principal and interest in equal parts
BOnly the interest for a set period, with no reduction in principal✓ Correct
CPrincipal only, with interest deferred
DA fixed payment regardless of interest rate changes
Explanation
An interest-only mortgage requires payments of only interest for an initial period. The principal balance does not decrease during this period. After the interest-only period ends, payments increase to amortize the full balance.
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