Interest Only Loan

Discussion in 'Original Property Investor Forum Archive' started by WebBoard, 11th May, 2002.

  1. WebBoard

    WebBoard Guest

    From: Mike .


    20 Year Interest Only Loans
    From: Ric G
    Date: 17 Nov 2000
    Time: 12:31:27

    Hi guys,

    I saw an ad in the paper this morning for a 20 year interest only loan by Aussie Home Loans. I had a quick look at http://www.aussiehomeloans.com.au and it looks o.k. To me the only drawback seems to be that you can't fix the rate (from memory the rate is bank bills + 1.35%) and the max LVR was only 80%. Might be worth checking out.

    Cheers.
     
    Last edited by a moderator: 5th Apr, 2017