Consumers these days can benefit from a choice of mortgage products, such as fixed rate mortgages, discount mortgages, the tracker mortgage, and more. There are two main categories under which all of these mortgages lie, and these categories are repayment mortgages and interest only mortgages. There are a number of differences between these two different types of mortgages, and it is important for anyone that is looking to take out a mortgage to consider the pros and cons of each type of mortgage before making any decision. (more…)
Tags: mortgages, interest only, repayment