Hi People,
Suppose I have moved out from the PPOR and then convert the unit into rental property or IP, is it the best time to change my loan into Interest Only for 5 years and then renew it again every 5 years ?
and convert back to Principal + Interest suppose I'd like to move in back to the property.
Can anyone share some thoughts and comment on this strategy please ?
Thanks in advance.
Suppose I have moved out from the PPOR and then convert the unit into rental property or IP, is it the best time to change my loan into Interest Only for 5 years and then renew it again every 5 years ?
and convert back to Principal + Interest suppose I'd like to move in back to the property.
Can anyone share some thoughts and comment on this strategy please ?
Thanks in advance.