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From: Larissa Brady
I have just bought my first IP, trying to follow the basic ideas of Jan Somers. However, I ended up opting for a variable rate IO loan on the influence of my broker. Is this a serious mistake? If so, is it possible to change or refinance if rates start going through the roof? Does anyone think rates will go through the roof or settle down soon?
Grateful for any info
I have just bought my first IP, trying to follow the basic ideas of Jan Somers. However, I ended up opting for a variable rate IO loan on the influence of my broker. Is this a serious mistake? If so, is it possible to change or refinance if rates start going through the roof? Does anyone think rates will go through the roof or settle down soon?
Grateful for any info
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