I am in the process of arranging a loan to finance an investment property.
I am not too sure about either using fixed loan interest or variables and for what terms 10 or 25 years.
I understand that maximum tax deductions is gained with fixed interest loans.
But then ,I would end up with maximum debts with negative gearing and also paying too much interests.The fixed loan has higher interest charges.
What is the best options ?
Deeply appreciated for any advice as soon as possible.
With kind regards
metta
I am not too sure about either using fixed loan interest or variables and for what terms 10 or 25 years.
I understand that maximum tax deductions is gained with fixed interest loans.
But then ,I would end up with maximum debts with negative gearing and also paying too much interests.The fixed loan has higher interest charges.
What is the best options ?
Deeply appreciated for any advice as soon as possible.
With kind regards
metta