Compare interest-only, principal, and interest mortgages based on your expected income growth and homeownership timeline. Interest-only mortgages allow borrowers to pay only interest for an initial period, followed by higher principal and interest payments. They suit those anticipating significant income increases or planning to sell before the interest-only period ends but pose risks due to payment shock when principal payments begin. Principal and interest mortgages feature regular payments toward both principal and interest throughout the loan term, providing predictable payment schedules and gradual loan balance reductions. This makes them ideal for long-term homeowners seeking financial stability.

California Platinum Loans

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