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mortgage repayments

Mortgage Repayments – What Do They Cover?

So, you’re looking to purchase your first home and you’re exploring the whirlwind of home loans and finance. There are many different loan types available for any individual circumstance, but it’s important to understand what you’re paying off when you’re making your repayments and what the consequences and benefits are of each type of mortgage repayment. Generally, mortgage repayments cover the principal and interest, however, interest only home loans do exist. There is a wide choice of mortgage repayment options including interest-only home loans. We explore some of the options in detail below. Principal and Interest Home Loans A principal … Read more

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