by Greg North | May 17, 2022 | Types of Property Finance
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...
by Greg North | May 17, 2022 | Types of Property Finance
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...
by Greg North | May 12, 2022 | Types of Property Finance
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...
by Greg North | May 12, 2022 | Types of Property Finance
What is a variable or variable-interest rate loan? These loans are the most common type available for mortgages or real estate purchases. The variable rate refers to the interest rate applied to repayments, which is not locked in at a set rate, but varies with the...
