Question on Loan

[crwdab]

I have two properties in QLD which have appreciated enough to give me some equity to play with. I am looking at another property in Victoria for my mother to retire in. While this newe property will be an investment for me, I won't be getting a great return. My plan is to refinance the 2 properties I have( they are getting good returns) and have either one new loan for all, or a new loan for the new place and one for the 2 I already hold. Is an Interest only loan a good choice for the new house? Any opinions on a good way to tackle it???
cheers

David

 

[Rolf Latham]

Hiya

And welcome to the forum

Interest only is probably a good way for your to go to minimise the cash flow.

id be looking to set up separate loans against each property for more flexibility in the future

ta
rolf