I got keys to my newly built PPOR over a month ago and now pay principle + interest on my loan. As my circumstances changed, I decided to make it an IP. I haven't lived in the house, it is currently available for rent (no takers so far). From what I read here and other places, loan for IP should usually be interest only. Would anyone be of different opinion? Also I called my bank (Westpac) and was told I can move to 'Rocket Investment Loan'. I had a read of it and it seems very suitable. Similar interest rate to what I am on now at 4.84%, offset account, some fees waived and I can pay interest only on my loan again. What do you guys think? Or should I find a broker to get a better deal? As this is my first IP, with hopefully a second one sometime this year, should I go fixed or variable rate, or a mix of both?