Why Retirement Interest Only Mortgages Need to Evolve – Thomas & Co
In 2018, Retirement Interest Only Mortgages (RIOs) were introduced as a way for older homeowners to repay interest-only mortgages. Although this product has been less popular than predicted, this type of mortgage could still be a practical option for some people aged 55 and over.In essence, a RIO is a standard home loan with a key difference; it does…
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