Hi Everyone,
I have been reading the discussions on this forum, for few months now. So decided to put my question to experienced people.
I purchased my own home 3 years ago and one IP last year, in Mellbourne. Now I can afford one more IP (upto $1000 out of pocket). But my confusion is whether I should increase my loan installment to pay my home loan faster or buy second IP. I still have home loan of around 400K. Please advise.
Thanks,
MDV
I have been reading the discussions on this forum, for few months now. So decided to put my question to experienced people.
I purchased my own home 3 years ago and one IP last year, in Mellbourne. Now I can afford one more IP (upto $1000 out of pocket). But my confusion is whether I should increase my loan installment to pay my home loan faster or buy second IP. I still have home loan of around 400K. Please advise.
Thanks,
MDV