Why Fewer People Are Picking Interest-Only Loans

Spotted: Interest-only mortgages are on the way out! More homeowners are ditching these 'just pay the interest' deals and actually paying off their loans faster. The catch with interest-only is you get lower monthly payments, but eventually you have to cough up the full amount. Now, with fewer people using these loans, it looks like folks are getting savvier about not leaving a big bill for later. If you’re on one, check in with your lender early to avoid surprises! #MoneyHacks #MortgageTips #HomeFinance #RealEstate