US EditionInterest-Only Mortgages Return for First-Time Buyers Amid Housing Affordability Push
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Interest-Only Mortgages Return for First-Time Buyers Amid Housing Affordability Push
Interest-only mortgages are back for first-time buyers, but relaxed lending rules raise concerns of rising debt and house price inflation.Interest-only mortgages, once largely reserved for wealthier borrowers, are once again being made available to first-time buyers—a shift not seen since the financial crisis. Starting Monday, Generation Home, a lender specialising in first-time buyer loans, will offer interest-only options to those with a minim…
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