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MRT 2 · Interest-Only Home Loans
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Interest-Only Home Loans
What an interest-only mortgage is, what repayment vehicles are acceptable, and why lenders have tightened criteria.
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Key points
Question 3
Which term matches: "ISA, pension, endowment (largely discredited), investment portfolio, sale of"
Question 4
What does "Post-MMR" mean?
Question 5
Match each term in "Key points" to its meaning
Tap a term, then tap its matching definition.
Question 6
Fill in the blank
______ — “interest-only time bomb” — many borrowers have insufficient repayment vehicles
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What the exam tests
What an interest-only mortgage is, what repayment vehicles are acceptable, and why lenders have tightened criteria.
Question 8
True or false?
What an interest-only mortgage is, what repayment vehicles are acceptable, and why lenders have tightened criteria