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 ...

Jo Davy has over 12 years' experience as a journalist and editor for major print and digital news publishers in Australia and the UK. She has written for The Age, Herald Sun, Domain and City Matters ...

Interest-only mortgages let you make payments on just your loan’s interest for an introductory period — but afterward, payments increase. These loans are best for those planning to move or ...

With the cost of homes increasing at a far greater rate than paychecks, the practice of interest-only home loans has grown regionally. Using this type of loan, homeowners pay off the interest on their ...

The savings are significant. For example, the buyer of a home with a $250,000 mortgage using a 30-year, fixed-rate loan would pay $1,419 per month in principal and interest. The same buyer using an ...

First-time buyers can now secure interest-only mortgages with Nationwide Building Society. Britain's biggest mutual already ...

Interest-only mortgages allowed people to buy more of a home than they could afford with a traditional loan. But some of those loans had adjustable interest rates and when the rates shifted up, that ...