I just spoke to my broker and she told me that because this is my first investment that I should pay off most of the loan so I can build equity inorder to invest more.
Is this option a good one to start of an investment portfolio or should I still convert it to an I/O loan?
I have a...
Thanks Peter_Tersteeg
Another question is it advisable to set up the I/O loan with an offset or not? I don't have any intensions of buying my PPOR anytime soon.
I have an understanding that if I have an offset account linked to the I/O account it will effectively reduce the interest so...
Hi
I am new to SS and a new investor. I currently have a property in vic which will be rented out in September due to FHOG obligations in vic.
ATM my loan with CBA is principle and interest, I have read all the post in this forum and though of switching to I/O loan to build up a property...