Search results

Thanks, Guys! Exactly what I needed. As I understood, five is a standard but could be negotiated. As always, do not ask- do not get:-)

Hi, my broker just advised me that the usual Interest only period with most lenders is five years after which the loan could be either refinanced or converted into PI... Is this a valid statement? On 30 year loan the first five years on PI loan will comprise mainly of onterest repayments in...