Hi all,
My wife and I just bought our first investment property which is next door to our PPOR
We weren’t looking at buying but the opportunity was just to great to pass up..
Anyway, was interested to know how people with IP structure there loan, at the moment, our mortgage adviser has said to make it Interest only for the first 5 years and then start paying the principal, Is this how most do it.. Or should i put in a little principal each week anyway..
I’m just interested to know how others do it.. and what the benefits are..
Thanks
Andrew
My wife and I just bought our first investment property which is next door to our PPOR
We weren’t looking at buying but the opportunity was just to great to pass up..
Anyway, was interested to know how people with IP structure there loan, at the moment, our mortgage adviser has said to make it Interest only for the first 5 years and then start paying the principal, Is this how most do it.. Or should i put in a little principal each week anyway..
I’m just interested to know how others do it.. and what the benefits are..
Thanks
Andrew