Are interest-only loans more expensive?

By Craig Sharp

Craig Sharp:             And what’s the approximate difference between those fixed and variable rates?

Terry Christo:             So, sorry, between fixed and variables are pretty well aligned at the moment. Where the differences occur is that when you decide to go interest only on either of those products, you’re looking at paying an additional half a percent.

Craig Sharp:             Got you.

Terry Christo:             There’s about half a percent difference between.

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