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IO Loans
can the principal remain the same if: IO loan: 300k Offset: 50k does that mean you pay Interest on only 250k, but principal remains 300k?- navjit6
- Post #8
- Forum: Property Finance
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IO Loans
i didnt understand that, can you please explain it.- navjit6
- Post #6
- Forum: Property Finance
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IO Loans
my brother bought his PPOR in July, P+I loan. he bought it using the FHOG, after he lives in it for at least 6months (maybe bit more), and then moves out and keeps as a IP, is it beneficial to refinance/change the loan to just IO, so that he can save more money to begin saving for another IP. he...- navjit6
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- Replies: 8
- Forum: Property Finance