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  • Will You Add? - New Fixed-rate Interest-only Mortgage is Increasingly Popular

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    Borrowers are able to lock the interest ra

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    With rising interest rates putting the pressure on adjustable mortgages, a new type of loan product is gaining in popularity.

    The fixed-rate interest-only mortgage gives the security of a fixed interest rate and the low monthly payments in the early years.

    Borrowers are able to lock the interest rat

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    The fixed-rate interest-only mortgage gives the security of a fixed interest rate and the low monthly payments in the early years.

    Borrowers are able to lock the interest ra

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    The fixed-rate interest-only mortgage gives the security of a fixed interest rate and the low monthly payments in the early years.

    Borrowers are able to lock the interest ra

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    y of a fixed interest rate and the low monthly payments in the early years.

    Borrowers are able to lock the interest ra

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    early years.

    Borrowers are able to lock the interest rate for the life of the loan. The interest-only period usually lasts for the first 10 to 15 years.

    The fixed-rate interest-only is barely two years old, but now accounts for almost 8% of all new residential mortgages, says UBS AG, a financial se

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