P&I loan vs Interest only

Discussion in 'Loans & Mortgage Brokers' started by D3xx, 12th Aug, 2018.

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  1. skater

    skater Well-Known Member

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    CBA
     
    skater, 20th Aug, 2018
    #21
  2. DaveM

    DaveM Well-Known Member

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    RAMS
     
    DaveM, 22nd Aug, 2018
    #22
  3. pippen

    pippen Well-Known Member

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    I take it 3.77% p+I with full offset or 4.4% IO with full offset isn't much to write home about if borrowing 150k for investment purposes?
     
    pippen, 24th Aug, 2018
    #23
  4. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    of thats the total volume to lender X, thats an ok rate

    ta

    rolf
     
    Rolf Latham, 24th Aug, 2018
    #24
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  5. pippen

    pippen Well-Known Member

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    Yes cba lender, looking at putting the funds in lics paying around 4%fully franked yields, what if the borrower had 100k cash sitting idle too and put in the offset, which approach would be preferred, I read that having a p+I fully offset pays itself off from 30 to 15 years. Is there a preference?
     
    pippen, 24th Aug, 2018
    #25
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