Interest-Only vs Repayment: What’s the Difference?

Interest-Only vs Repayment: What’s the Difference?
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In this video, we break down the key differences between interest-only and repayment mortgage options! 🤔 Whether you're a first-time homebuyer or refinancing, understanding the pros and cons of each can help you make an informed decision.
An interest-only mortgage allows you to pay just the interest for a set period, which can keep your monthly payments lower. However, you won’t be reducing the principal amount of your loan. On the other hand, with a repayment mortgage, your monthly payments cover both the interest and the principal, meaning you’re paying off the loan over time.
Watch to find out which option might be best for you, depending on your financial goals. Don’t forget to like, comment, and subscribe for more mortgage tips and financial advice!
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