What is a Retirement Interest-Only (RIO) Mortgage? A Retirement Interest-Only (RIO) mortgage is a type of mortgage that allows borrowers 55 or older, to purchase or refinance a home without being forced to clear the debt by the end of the term. This is because RIO...
The average five-year fixed mortgage rate in the UK has fallen below 6% for the first time since early July, according to Moneyfacts. This is good news for homeowners looking to move and also for prospective buyers, who have faced rising mortgage rates and inflation...
Good news for retired borrowers! Five-year fixed mortgage rates have dropped to as low as 5%, the lowest level since July. This means that retired homeowners can now lock in a better rate on their mortgage for the next five years, giving them peace of mind knowing...
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