What is an Interest-Only Loan?

What is an Interest-Only Loan or Mortgage? An interest-only loan is structured so that you only pay the interest component on your loan. For these loans, the principal of the loan is not repaid during this repayment period. There is usually a specified, short-term...

What is a Split Mortgage?

What is a Split Loan or Mortgage? A split loan is a complex structured mortgage that folds in the features of multiple types of loan products, eg, fixed interest rate and variable interest rate. The primary reason this is considered is to incorporate the security of a...

What is Mortgage Protection?

What is Mortgage Protection Insurance? Mortgage protection insurance supports you in case you become involuntarily unemployed or are unable to work due to illness or disability. It is considered prudent to ensure that you can continue to meet your commitment and...

What is a fixed rate loan?

What is a fixed-interest rate loan? These loans are set at a fixed interest rate for a specified period (usually one to five years). The advantage of this type of loan is that it allows you to organise your finances and repayments without the risk of rising interest...