You will repay your mortgage in weekly, fortnightly, or monthly installments over the term of the loan. The term of the loan is typically 15, 20, or 30 years. Each month, you will make a payment to your lender that includes both principal and interest or interest only repayments.
For more information call us on 0410 598 828 or email us on czang@bestprofessionalfinance.com.au for free mortgage health checkup or for any loan enquiries.