An interest-only mortgage allows borrowers to make payments only on the interest of the loan for a set amount of time — typically between seven and 10 years — at the start of a 30-year term. After ...

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 allow borrowers to only pay for the interest that accrues on the loan for a specific period. These types of mortgages can be helpful, as the initial monthly payments are ...