My partner would like to continue with our interest-only mortgage.

Ms Jones contributed £6,000, and the balance was raised by an interest-only mortgage.

But not all interest-only mortgages are in the stratosphere.

An interest-only mortgage means only the interest on the debt is paid off with each monthly payment.

Consider a typical $300,000 interest-only mortgage with fixed payments for the first five years.

It helps, but I wondered was now the time to transfer to an interest-only mortgage to keep cash in the bank?

Borrowers can also use interest-only mortgages to qualify for a more expensive home.

An increasing number of people are opting for interest-only mortgages, the article points out.

It fell to Godsil to meet the full monthly €1,700-a-month interest-only mortgage payments.

Even on an interest-only mortgage, any amount paid above the monthly interest charge is used to reduce the capital owed,' he says.