CoolGeek replied to the topic 20 or 30 Year Loans in the forum Help Needed! 12 years, 2 months ago
Malaysia
CoolGeek replied to the topic 20 or 30 Year Loans in the forum Help Needed! 12 years, 2 months ago
Ah, I see… interesting. Looks like Australia is way ahead of the curve in terms of income property investments.
The banks here don't know much about income property investments and don't have too many products in terms of loans. Each loan is a basic mortgage loan.
Also, I tend to find properties where the rental return can pay off each…[Read more]
CoolGeek replied to the topic 20 or 30 Year Loans in the forum Hi Derek, 12 years, 2 months ago
Hi Derek,
That makes sense. With the 30 year period, I have more flexibility.
Can you explain more about the interest only? Not sure I understand. Would it mean, I just pay interest and then after 20 years, I still have a loan to pay off?