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Hiya Sunfish Assuming that one borrows to their cashflow limit, a PI structure as proposed, and preferred by some, has a higher risk of default and subsequent foreclosure than an IO with the PI repayments parked in the offset account. The longer the loan runs for, the greater the risk...

Put simply IO gives YOU choice to pay principal P&I doesnt Dunna matter if you earn 250 k or 10 k a year Sometimes that little choice can make the difference between being able to hold on to get through a hard time , or being foreclosed on. ta rolf