How do I know if I’ll make the cut for an interest-only mortgage?

An interest-only mortgage means you’re accepting the challenge of paying off your principal in a shorter time period than usual, after your interest-only period finishes. So we need to know you’re going to breeze through and not hit a few speed bumps down the road.

People who qualify for interest-only mortgages tend to earn a little more than usual and have great credit. If that sounds like you, apply away!