Search results

  1. rugrat

    Interest only or P&I?

    The $200k loan (IO) is regarded as an investment loan. The interest on this is tax deductible, whereas the loans of $500K (P&I) and $100K (P&I) are for the purpose of purchasing your owner occupied property. The interest on these loans is not tax deductible. The use of the funds determines tax...
Back
Top