Interest Only Mortgages and Repayment Mortgages - Which Is Best?

When it comes to searching for mortgages for first time buyers, it can be a daunting experience choosing the right mortgage; you are making a decision that will in all probability affect your life for the next twenty five years. So achieving the right choice to get the right mortgage rate to suit your conditions is a choice to be made cannily, for many that choice will come down to a choice between an Interest Only Mortgage or a Repayment Mortgage.