When it comes to interest-only lending, there are a few factors that determine whether it’s a good or bad strategy for borrowers.
First up, if your whole portfolio is interest-only, then at some point your repayments are going to switch to principal and interest.
You just can’t have interest only forever and at some point, a debt will have to be repaid/reduced.
If you would like more information please click here.
Source: Michael Yardney's Property Update.
©2024 The Edge Coffs Harbour |Privacy Policy |Disclaimer | Sitemap| Marketing byReal Estate Australiaand ReNetReal Estate Software