Making Sense of Your Mortgage Options - Fixed, Variable, P&I, IO
Ready to tackle the world of mortgages? In this episode of The Broker’s Lounge, Eddie and Carlo break down everything you need to know about choosing the right mortgage for your situation.
We kick things off by explaining the key differences between fixed-rate and variable-rate mortgages, what they mean, the pros and cons of each and how to decide which fits your needs best. Should you go for the certainty of a fixed rate or the flexibility of a variable one? We’ve got you covered.
Next, we dive into the difference between principal & interest (P&I) repayments and interest-only (IO) loans…
The skinny
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