robst618 replied to the topic IO versus P&I in the forum Help Needed! 14 years, 10 months ago
Hi Singer,You're asking exactly the question I should have years ago when I bought my first PPOR! I fell into the "trap" of not planning ahead, and putting measures in place for when I moved out & it became an IP.For the years I lived there, I happily paid P+I+extra repayments into the loan account (no offset). When I came to move out, I suddenly…[Read more]