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  1. Corey Batt

    Principal And Interest Or Interest Only?

    And that of the ones which do revert it to a P&I calc, they will generally remove the number of years the loan is interest only - significantly decreasing your serviceability. ie, a 300k 30 year loan, 5 years IO at 5% = $1,250 per month. Some lenders will assess this as (example 2% servicing...
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