A Retirement Interest Only Mortgage could be right for you if you want to keep your payments lower than a standard mortgage and you’re happy knowing that the loan will be repaid by the sale of your home when the last borrower moves into long-term care or passes away.
Unlike regular interest only mortgages, this type of mortgage doesn’t have a fixed end date to repay the balance and because you only pay the interest your payments can be lower freeing up money to do more of the things you love during retirement.
