Specific question about benefits of mortgage

[Grandfit]

I am a total noob about credits, so posting here in case I am missing something big about no-amortization loans.


If my current rent is equal to my future interest payment, and I don't have a reason to expect house prices will go up more than gold, what's the benefit of taking no-amortization loan?


I know there is some tax deduction for interest payment, but is that all?

[Richcoop]

Thanks for sharing

[Campbelden]

The tax deduction for interest payments is definitely one benefit of a no-amortization loan. This can result in a lower taxable income and potentially a lower tax bill. Additionally, a no-amortization loan may give you more flexibility in terms of cash flow as you don't have to worry about paying back the principal balance, just the interest.
However, interest payments on no-amortization loans can add up over time, potentially resulting in a higher overall cost. It's easier to hire a professional advisor like mortgage broker Nottingham to get a professional view, as it is an important thing for sure