There is a much-debated topic in the world of credit, it’s one that has been increasingly thrust into the spotlight in the last few years. Should you repay your loan using principal & Interest (P&I) repayments or Interest Only (I/O) repayments? I have met more than my fair share of clients over the years who…
Interest rates for Interest Only (I/O) mortgages have increased in the last 3 to 6 months by an average of 0.55% across the big 4 Australian banks and even more by a lot of 2nd tier lenders. Compounding the problem for many, interest rates for Investors have also increased by an average of 0.58% (average…
