Methods of Repayment on Mortgages

Hello friends, good day for you, this time I want to share some Methods of repayment on mortgages,
So please have fun to enrich your knowledge, the first is : Repayment: Repayment also known as capital and interest mortgages because part of the monthly payments that gradually pays off the loan while the remainder covers the interest on the amount outstanding

Offset: These loans are taken out in conjunction with a current account or savings account. Regular mortgage repayments are required but at the same time the cash in the other accounts helps to reduce the loan, thereby saving interest. This can help to speed up repayment of the mortgage.
Interest-only: As its name implies, the borrower pays the interest only on the loan during the mortgage term so the capital remains outstanding. Payments may also be made into a savings scheme, such as an Individual Savings Account, to repay the capital at the end of the term. Sometimes the loan is repaid out of the sale proceeds of the property.
Endowment mortgage: This is where an interest-only loan is combined with a life assurance with-profits policy intended to pay out a sufficient sum to clear the mortgage at the end of the term. But endowment policy payouts are not guaranteed and many are currently expected to produce shortfalls.
This several methods of payment is sourced from timesonline(dot)co(dot)uk, a lot of thanks for them