Interest only repayments - is this a good idea?

Generally, the longer a property is held the more capital growth it builds and this equity can be accessed to purchase an additional property/ies.

Based on your investment strategy it’s worth considering how much you should borrow, any possible tax benefits, LMI you may pay depending on the deposit and purchase price, principal and interest vs. interest only repayments, and more.

While the minimum monthly repayments are necessary, there may be a particular loan structure that will help you achieve your goals sooner.

Get financial advice about what is best for you.

 

 

Posted in: Property market

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