11: Episode 11 - Mortgages For Beginners - Different Types & How To Choose For You

In Episode 11 of the Money Mechanics Podcast, Sarah Poynton breaks down the differences between interest-only and repayment mortgages. Whether you’re a first-time homebuyer or considering refinancing, Sarah provides essential insights into how each type of mortgage works, their pros and cons, and how they impact your financial future.

Learn the key differences, such as lower monthly payments with interest-only mortgages versus full ownership with repayment mortgages. Sarah also discusses how to make the best mortgage choice for your long-term goals and the importance of consulting with a mortgage broker to secure the best deal.

If you’re thinking about homeownership or refining your mortgage strategy, this episode is packed with actionable advice to help you make informed decisions. Tune in to get a clear understanding of your options and how to navigate the mortgage landscape!