Hi Everyone,

My name is Kye, been surfing the forum for a while now taking in all the knowledge building up to finally making that first investment.Living in Darwin.

Kye

I understand, and thankyou, When purchasing a IP is there any advantages to a P/I loan than IO with an offset account?

Kye

With a P/I loan would having a offset account be a better idea than making additional repayments straight into your home loan account?

Thanks,
Kye

Thanks for all the helpful advice YI, you cleared up a few things for me

Kye

Thankyou YI,

Have been reading forums and other resources, so as i understand with a I/O loan, extra repayments can be made at anytime to contribute towards the principle?

As i am looking into purchasing an IP and not needing a PPOR at this time

Kye

Thanks for the links