Interest-only (IO) home loans are a popular alternative to traditional mortgages as they allow borrowers to pay only the interest on their borrowed amount for a period of three to five years, resulting in lower monthly repayments during this time. However, it is important to weigh the advantages and risks of these loans before deciding
The post The Pros and Cons of Interest-Only Home Loans: What You Need to Know first appeared on New Vision Real Estate.
