Finance Information Directory from Online Consumer Information Services

BOOKMARK THIS PAGE | HOME
OCIS Online Consumer Information Services
CONFUSED? - You WON'T BE with US!
Let . . . OCIS Financial Information HELP YOU . . . NOW!

OCIS - Online Information Directory, Loans Information, Mortgage Information, Retail Information and more!

Why Choose OCIS?Choose OCIS
Quality Information and resources! Comprehensive summary on all companies and institutions that OCIS deal with!
Simple navigation for ease of use! No pop ups!
In a hurry? You will find direct links from this portal to all of our web sites.
If it's information you are after, then click Finance Information Index for specific information as well as lots of useful FREE advice.

Mortgage Information - Interest Only Mortgages

 

Interest Only - Mortgage Information

 

What is a Interest Only Mortgage?

Mortgages can be divided in to two types: repayment mortgages and interest only mortgages.

Deciding which mortgage is best for you depends on a variety of factors, which is why it's important to do your financial homework first.

Interest only mortgages are deemed as being more risky because the borrower must take out an additional 'savings vehicle' (such as a personal pension plan or an endowment) to cover the outstanding loan when the mortgage closes. Because the performance of these investments depends on the stock market it's difficult to know exactly where you stand financially.

If the stock market is going well then borrowers stand to benefit, which isn't the case with anyone who has taken out a repayment mortgage. However, if the economy is in decline then there's a very real chance that the investment won't meet the final mortgage settlement.

Before you make any firm commitments it's a good idea to make an appointment with an independent financial advisor ( IFA ). Having made your mind up about which type of mortgage would be most advantageous, you can then turn your thoughts to deciding the best way to make your repayments.

 

List of Major Mortgage Lenders

 

OCIS provide general financial information, we urge you to consult an Independent Financial Adviser ( IFA )
before making any important decisions about your finances.

OCIS RH Menu
Consumer Information - OCIS
COMPANY INFORMATION
INDEX A - Z
Consumer Information - OCIS
FINANCE
INFORMATION
INDEX
Consumer Information - OCIS
FINANCE
DIRECTORY -
FINANCE
CENTRAL
Consumer Information - OCIS
INSURANCE DIRECTORY - INSURANCE CENTRAL
Consumer Information - OCIS
HOME
CHEAPER ENERGY BILLS
Energy Helpline
Links - Online Consumer Information Services


Internal Site Links:
About Us - Disclaimer - Privacy Policy - Terms and Conditions - Contact Us/Get Listed - Site Map


© 2003 OCIS