Interest only payments or P and I?

Discussion in 'Loans & Mortgage Brokers' started by Amber83, 21st Aug, 2015.

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  1. ellejay

    ellejay Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    2,192
    Location:
    Kimberley and NZ
    It depends on your stage of life, and stage in your investing journey. It sounds as though IO is the best strategy for you if it's your first IP. The repayments will be lower, allowing you to buy more IP's if you wish, and thus have more chance of growth across the portfolio. I'm into double figures of IP's so I'm working on reducing my LVR and increasing my rental income. I don't need to buy too many more, therefore I have most on P&I.
     
    ellejay, 23rd Aug, 2015
    #21
    Amber83 likes this.
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