From: Denise Macadam
Greetings All,
Have just returned from the crappiest of days at work, almost thinking of chucking in the house to downsize and buy up on IP's - one of my many crazy ideas made me think of this.
Will apologise up front as its probably not a taxing question for those in the know!
If I changed my residential home to an I.O. loan - to save a few bucks for when i chuck in the towel, I'm still dreaming - can i make some form of lump sum payment off the principle? I want it all ways of course, a lesser mortgage repayment, increasing cashflow but a way to decrease the outstanding principle if and when I wanted to.
Is anything like this possible?
I live to read these posts,(sad arnt I) it keeps me going through the night, knowing when I do arrive home, i am going to be treated to the most wonderful, informative, witty, and educational exchanges - and all on a subject i am so addicted to, thank you one and all for your generosity.
Regards,
Denise
Greetings All,
Have just returned from the crappiest of days at work, almost thinking of chucking in the house to downsize and buy up on IP's - one of my many crazy ideas made me think of this.
Will apologise up front as its probably not a taxing question for those in the know!
If I changed my residential home to an I.O. loan - to save a few bucks for when i chuck in the towel, I'm still dreaming - can i make some form of lump sum payment off the principle? I want it all ways of course, a lesser mortgage repayment, increasing cashflow but a way to decrease the outstanding principle if and when I wanted to.
Is anything like this possible?
I live to read these posts,(sad arnt I) it keeps me going through the night, knowing when I do arrive home, i am going to be treated to the most wonderful, informative, witty, and educational exchanges - and all on a subject i am so addicted to, thank you one and all for your generosity.
Regards,
Denise
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