my brother bought his PPOR in July, P+I loan. he bought it using the FHOG, after he lives in it for at least 6months (maybe bit more), and then moves out and keeps as a IP, is it beneficial to refinance/change the loan to just IO, so that he can save more money to begin saving for another IP. he has an offset account.
if i was to buy a PPOR using FHOG, and live in for the required 6months, and then use it as IP, do the banks allow you to take out IO loans for PPOR? are there any special requirements?
if i was to buy a PPOR using FHOG, and live in for the required 6months, and then use it as IP, do the banks allow you to take out IO loans for PPOR? are there any special requirements?