what happens at the end of the fixed period of interest only loans? are you able to reduce the loan with a cash repayment and then refinance for the lesser amount?? i guess this would in turn make an investment which is break even to +cf given the interest payments will be lower?? any ideas here?
Yes – you can pay some off and then refinance.
You can also refinance either with the same bank or if they get niggly move onto another bank.
Some I/O loans also permit additional payments being made during the period of the loan.
As to what is best for you – it all comes down to your investmen strategy.
Derek
derekjones1@bigpond.comProperty Investment Support Available.
You must be logged in to reply to this topic. If you don't have an account, you can register here.
