EP:32 - Principal and Interest (P&I) vs Interest Only (IO) loans with Redom Syed
Which loan type should you pick? Principal and Interest or Interest only?
For the overwhelming majority, a home purchase is the most expensive and important decision we make in our lifetime, so it's only fair we dissect the two different loan types available for future Aussie property buyers with Mortgage Broker Redom Syed.
In this episode we discuss:
What is a principal and interest home loan
What is an interest only home loan
When is each type used for home owners vs investors
The implications of each loan type of future borrowing capacity
Strategies to maximse your borrowing capacity and…
The skinny
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