About this loan type
An interest-only mortgage allows borrowers to make lower, interest-only payments for a set period before transitioning to traditional principal and interest payments. This type of loan provides financial flexibility by freeing up cash flow for investments, business growth, or other financial goals. Ideal for high-income borrowers or those with fluctuating earnings, an interest-only mortgage offers a cost-effective way to manage mortgage payments while maintaining financial control.
Why Choose This Loan?
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Lower Initial Payments: Pay only interest for a set period, reducing monthly costs.
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Increased Cash Flow: Free up money for investments or other financial goals.
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Flexible Repayment: You can still make principal payments at any time.
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Best for High-Income Borrowers: Ideal for those with fluctuating income or strong investment strategies.