During the home loan comparison¬†process, you might come across two different types of loan repayment options. One is an interest-only loan and the other is a principal-and-interest home loan. It is important to understand the differences between these two options carefully. Here‚Äôs a brief look at the options: Interest-Only Home Loans Interest-only home loans have fixed period inthe beginning when all the mortgage amount you pay goes towards your interest obligation. There will be no principal amount deducted until the interest-only period is done. This interest-only period usually lasts for 5 years, after which the loan switches to principal-and-interest home loan. This loan option does offer some benefits that you must consider during home loan comparison. These benefits include: Lower[…]