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NSW Mortgage Corp Blog

Tag: interest only

The Advantages and Disadvantages of an Interest-Only Loan
Financial Tips

The Advantages and Disadvantages of an Interest-Only Loan

Some lenders offer interest-only payments to draw customers to apply for loans with low-interest payments. It is because as a borrower, you only have to pay the interest and none of the principal balance for a specified period of time which may take months or years.

comparing home loans
Loans

Comparing Home Loans

It’s important to understand which type of home loan best suits your needs and financial objectives. Once you’ve outlined your financial goals, you can begin to explore loan options that will help you reach them. Here is a quick overview of the most common home loans that are available on the market.