What ways can I repay my mortgage? - April 6, 2016

The are two main ways to repay your mortgage:

Interest Only
An Interest Only mortgage is where you pay regular interest payments on the outstanding balance of the mortgage, you are responsible for the full repayment of the loan at the end of the term.

A Repayment mortgage or also known as a Capital & Interest Mortgage is where you are paying both capital and interest payments over an agreed period of time, at the end of the set term your mortgage will be cleared.