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CORNER\'YOUR NAME:NAME:ADDRESS: CITY, STATE, ZIP: HOME: CELL:CELL: EMPLOYER\'EMPLOYER\'NAME:NAME:ADDRESS:ADDRESS:CITY, STATE, SimCity, STATE, iPhone:PHONE:EMAIL:EMAIL:ALL FEES ARE DUE AT THE TIME
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Interest only is a type of loan payment where the borrower pays only the interest on the principle for a certain period of time.
Individuals or businesses who have loans with interest only repayment terms are required to file interest only payments.
To fill out interest only, borrowers need to make the interest payment on the loan according to the terms agreed upon with the lender.
The purpose of interest only is to allow borrowers to make smaller payments in the short term, with the option to pay off the principal at a later date.
The information that must be reported on interest only includes the amount of interest paid, the loan principal, and the loan term.
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