I'm pretty sure we can get IO loans for PPOR because I've read many thread regarding this in SS forum. But my friend who happens to be a broker (haven't signed up any loan with him) told me it's impossible. He adamantly claim that we can only proceed with P&I for PPOR because he needs to explain reasons to the lender and it cannot be if the purpose of this is purely for serviceability. I'm like whaaaaaa......
Thanks heaps
Thanks heaps