If your disciplined - do you use Interest Only for PPOR

Discussion in 'Loans & Mortgage Brokers' started by Seal, 5th May, 2016.

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  1. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    One way to have your cake and half eat it too is to go IO with offset from the start.

    If you are suffering from lack of equity you then work out how much you need to pay the loan down so as to split and reborrow (for a deposit and stamp duty for example).

    If you are suffering from a low borrow capacity then you would look at whether changing to PI would help and only do this if needed.
     
    Terry_w, 6th May, 2016
    #21
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