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If you're going to rent out that property in the future and purchase another owner occ - then yes, prob makes sense to pay that little extra now and preserve the larger principal balance which you can claim against later. Cheers Jamie

Awesome post Paul - and pretty much demonstrates what I see as well. Often you see the second generation of "traditionalists" moving towards being "modern buyers" - it's always interesting to see/hear how they explain to their parents that they have no intention of paying down their debt...

Hey Albanga No probs - glad you find it useful too. That's a good point you make - and something I hadn't really considered. Cheers Jamie

No worries - glad you found it useful :-) Cheers Jamie

Hi Cim Yep - it would improve your borrowing capacity (with lenders that take the repayments with other lenders at actual repayments rather than an inflated P&I amount) because you'd only have to declare the interest only amount that you're contracted to repay (because technically you could...

A question I'm always asked is "should I be paying interest only or principal and interest on my loans" so I thought I'd share my thoughts. For a lot of SS gurus - this info is nothing new but hopefully some of the new members will gain some benefit from it. When it comes to claiming an...