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From: Mike .
first IP again
From: [email protected]
Date: 20 Dec 2000
Time: 13:21:53
Hi - Im looking to get my 1st IP in adelaide approx 150k, living at home.
Question: Should I get a IO loan, or P/I loan to build equity, or split the loan part IO, part P/I loan?
<p>
I plan to purchase another IP in a year or 2. Will a I/O loan with offset be better? With an IO loan - say I save another 10k during the year can I pay off some principal with this in 1yrs time, and refinance to take another loan with the equity?
<p>
I have posted this question earlier and no one really answered thanks in advance.
first IP again
From: [email protected]
Date: 20 Dec 2000
Time: 13:21:53
Hi - Im looking to get my 1st IP in adelaide approx 150k, living at home.
Question: Should I get a IO loan, or P/I loan to build equity, or split the loan part IO, part P/I loan?
<p>
I plan to purchase another IP in a year or 2. Will a I/O loan with offset be better? With an IO loan - say I save another 10k during the year can I pay off some principal with this in 1yrs time, and refinance to take another loan with the equity?
<p>
I have posted this question earlier and no one really answered thanks in advance.
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