| |
|
|
|
|
|
|
|
 |
|
           
|
Capital and Interest This is the most assured type of mortgage repayment which is guaranteed to pay your mortgage off in full when the specified time period of the mortgage is over as long as payments are made on time. Interest Only |  |
|
This method of repayment is for people who want their mortgage repayments to be lower. This type of loan means that only payments of interest are made to the lender during the term of the loan. All mortgages other than capital and interest repayment loans are a form of interest only loan. Some lenders will allow loans to be set up without any specific provision to repay the capital at the period - this is known as a pure interest only loan. Repayment vehicles with interest only loans can include endowments and savings. Please Note
|
||
© 2010 MortgageWright |
return to:top |
site design by pgj webdesign |
