All Topics / Help Needed! / home loan

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  • Profile photo of ocalveteocalvete
    Member
    @ocalvete
    Join Date: 2007
    Post Count: 2
    September 2, 2007 - 12:25 pm

    Hi every one

    I bought a property to live in 3 years ago but now I am renting it and looking to refianance it.

    My current loan is pricipal and interest, my quention is should I change to interest only or keep it as it is.

    I will appreciate your advice.

    thanks

    oscar

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    September 2, 2007 - 11:11 pm

    Oscar
    Certainly would be switching it interest only but i also think there are a few more considerations dependant on whether you have another non tax deductible debt.

    Richard Taylor | Australia's leading private lender

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