Specific consumers will get prefer a cost option in which it run only repaying the interest (also charges) element of the mortgage to have an appartment go out, normally anywhere between one and you may five yearspared so you’re able to an excellent P&We loan, the speed offered to own an appeal only choice are high. Given that you are not strengthening security of your home during the attention-only period, you’ll also pay a whole lot more attention along side life of the borrowed funds. Read More
