All Topics / Help Needed! / Help! General question on PPOR / IP Loan

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  • Profile photo of club44club44
    Participant
    @club44
    Join Date: 2007
    Post Count: 7
    November 19, 2008 - 8:09 am

    Hi All,

    Just wondering if anyone can help with a question:

    When buying a property (going to be the PPOR), with the intent of using it as an IP in a year or two, is it better to have the mortgage as a IO or a P&I?

    Many thanks for your replies!!

    Cheers,

    Heath

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    November 19, 2008 - 9:18 am

    This is a personal choice and subject to many other criteria but i normally prefer to arrange an IO loan for clients linked to a 100% offset account.

    Richard Taylor | Australia's leading private lender

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