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How do interest-only mortgages work? During the introductory period, you’ll pay only interest at a fixed or adjustable rate.
Interest-only mortgages let you pay just the accruing interest on your loan for an introductory period — but they come with high payments once that period ends. These loans mainly benefit those ...
An interest-only mortgage is a type of mortgage in which the mortgagor (the borrower) is required to pay only the interest on the loan for a certain period. The principal is repaid either in a ...
However, our opinions are our own. See how we rate mortgages to write unbiased product reviews. For the first few years of an interest-only mortgage term, you'll just pay interest each month.
Here's what experts say homebuyers can realistically expect to happen with mortgage rates in the coming months.
Find the best interest-only mortgage lender and get a quote now. Consider an interest-only mortgage if you’re ready to buy a home but are intimidated by the high monthly mortgage payments.
Interest-only mortgages could be set for a comeback as the Financial Conduct Authority (FCA) considers reviewing lending rules to help boost the economy. The mortgage was once "far more popular ...
If you're looking to buy a house, here's what to know about where mortgage rates are trending and how to get the best deal on your home loan.
"Bond yields will only drop if the rate of inflation continues to drop and the economy weakens," said Melissa Cohn, regional vice president at William Raveis Mortgage. "If inflation were to fire back ...
What is a retirement interest-only mortgage (RIO)? Retirement-interest only mortgages (RIOs) are a relatively new set of products designed to help older borrowers who may struggle to get a standard ...
Our opinion is our own. Read more on our methodology here. With an interest only mortgage, the amount you repay each month only needs to cover the interest that you’re charged. This can keep ...