Interest only method - One of two ways used to pay off your mortgage, the other being the Repayment method. Your monthly payments are solely used to pay off the interest you owe on your borrowings. This means, you"ll have to make provision to pay off the amount you actually borrowed at the end of your mortgage term, for example using an ISA, a pension or an endowment.
Interest only method : one of two ways used to pay off your mortgage, the other being the repayment method. your monthly payments are solely used to pay off the interest you owe on your borrowings. this means, you"ll have to make provision to pay off the amount you actually borrowed at the end of your mortgage term, for example using an isa, a pension or an endowment.
Interest only method