Quick Guides 
Mortgages are simple. You borrow money to fund the purchase of real estate, and gradually pay the money back plus some interest. Right?
Unfortunately, thing are not quite that simple. There are a large number of different options available. This quick guide looks at the various types of mortgages available.
Mortgage Guide: Paying back the money
When you borrow money, you'll obviously need to pay it back. You are able to do this in various ways depending on the type of mortgage product you take:
- Repayment Mortgage: You repay a bit of the capital with each payment.
- Interest Only: You only pay the interest on your loan each month, but you must pay back the whole loan at the end of the mortgage term
Mortgage Guide: Calculating the Interest
The amount of interest that you will need to pay can be calculated in different ways depending on which type of mortgage you take.
- Fixed Rates: With a fixed rate you can be certain about the interest rate that will apply to your loan.
- Variable Rates: The interest rate applied to your loan will vary according to certain external factors, such as the central bank interest rate.
