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LOC is good and well IO for ever with most lenders Caveats: 1. They have no fixed term, so are technically reviewable regularly 2. Many contracts have repayable on demand clauses 3. LOC in general isnt a good product for long term "hard" debt 4. Rates can be a little higher. Im not...

some lenders are quite pragmatic about extending the IO term especially where the paper based LVR is lowish. For eg Have had clients with 15 years IO done at WBC who were provided another 5 no probs, and in general physical age of the borrower isnt that critical. Then you get other...