the way your investment property is financed.
a bank or just an average mortgage broker, as your options may be more limited.
strongly suggest speaking with an independent finance strategist, they will be
able to work in your best interests.
obvious thing to do initially is to see if they can find you a better interest
addition, it may be wise to discuss how the loan is set up to see if that would
make a difference.
paying Principal and Interest repayments or Interest Only on your loans?
your priority is to hold this asset for the longer term.
to interest-only repayments may reduce your repayments to cover the shortfall
to avoid an unnecessary sale.
always switch back at a later stage, perhaps when rents have also risen higher.
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Thursday, 20 July 2023