All Topics / Help Needed! / Using equity to buy property

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  • Profile photo of GlenNessGlenNess
    Member
    @glenness
    Join Date: 2008
    Post Count: 7

    Cheers Richard.

    Makes sense for the long term. We currently have our mortgage as 45% fixed at 8.25% and 55% variable at 8.77% both principal / interest with an offset account. Should we changed this to totally IO or just change the variable portion only to IO ?

    Could you email me rather than posting here if possible.

    Sorry to cut into your thread KC1, but you seem like you're in the same situation as me too. Thanks for posting what you've posted.

    Thanks.

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