Interest-Only Mortgages: Pros, Cons, and Who They’re For

When navigating the complex world of home financing, one term that often raises eyebrows is the interest only mortgage. As a Mortgage Associate in Saskatoon working with Akal Mortgages Inc., I frequently encounter clients who are intrigued by this loan option — mostly because of its seemingly low monthly payments. But while interest-only mortgages offer unique advantages, they also come with certain risks. Let’s dive deep…