Interest-only mortgage via DGA The Hague
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With an interest-only mortgage you pay only interest on the borrowed amount and make no repayments during the term.
20+ years experienceIndependentPersonal advice
What is an interest-only mortgage?
Full repayment occurs at the end, typically after 30 years. New mortgages cannot exceed 50% of property value as interest-only.
Advantages
Lowest monthly payments of all mortgage types, possible tax deduction, easy combination with other products.
Disadvantages
No equity buildup, full repayment responsibility at term end, banks may require life insurance.
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