Does anyone out there know all the pros and cons involved in Interest Only Loans??? It has come to my attention recently and is an option me and my investment partner want to investigate. All this learning and investing is very exciting by the way!!![pleased]
Byefornow
Hi and welcome,
If you click on SEARCH function (left hand side of screen) and type in INTEREST ONLY and then select SUBJECT ONLY you will get at least 3 pages of old threads with this very same title, and the very old worn out debate between IO vs P&I.
Jo
Hi Possie,
For a quick skim of information look at
https://www.propertyinvesting.com/forum/topic/14446.html?SearchTerms=interest,only,loans
But as Jo said try the search topic as this comes up often.
BTW – I am an interest only advocate.
Derek
[email protected]Property Investment Support Available. Ongoing and never stopping.
Hi Possie,
That thread that Derek posted went through a lot of the information you seek only a few days ago. I cannot highly recommend interest only loans enough.
The only time I would consider principal and interest loans is if the borrower was not able to control themselves with cash.
In any case, don’t waste your money on a Line Of Credit either. They are of no real benefit to property investors.
Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdI use a line of credit just to give me quick cash when needed for purchases. All investment properties I have are bought on interest only to let me use any cash for further purchases
Byronent
Adelaide SA
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