Search results

Thanks tobe, I think I get it now. So an interest only loan term of 30 years on $300k has say repayments of $1500 a month. Since interest is calculated daily on the loan amount, because the value of the loan has not changed, then the loan term does not matter - the interest only repayments will...

Thanks Rolf. Any other investors that regularly refinance their loans back out to 30 years to keep their repayments low to free up cash flow for other investments? I suppose the one thing to be careful of is to make sure the negative gearing benefits still apply i.e. the rent doesn't exceed the...

Hi folks, Assuming you were drawing down equity from IP #1 to fund the deposit for another IP #2, do you take the opportunity when refinancing IP #1 to go back out to 30 years, thus reducing your repayments and freeing up cashflow? What are the risks involved here? I suppose if you keep...