Getting the right loan strategy is a crucial element in property investing.
Watch as I discuss the various options property investors need to consider.
This week’s question:
Hi,
Would it be worth taking a principal interest loan, as appose to interest only, because it would be low interest rate and I could re-finance later to access the principal.
Or, should I take an interest only loan, where higher rates are available?
David
YOU MAY ALSO BE INTERESTED IN:
ASK MICHAEL ANYTHING [VIDEO] – BUYING THE RIGHT INVESTMENT
ASK MICHAEL ANYTHING [VIDEO] – HOW TO GET THE RIGHT SELLING AGENT
ASK MICHAEL ANYTHING [VIDEO] – WORST PROPERTY ADVICE
ASK MICHAEL ANYTHING [VIDEO] – 1 BEDROOM APARTMENT VS. LOCATION
Subscribe & don’t miss a single episode of Michael Yardney’s podcast
Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.
Need help listening to Michael Yardney’s podcast from your phone or tablet?
We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.
Prefer to subscribe via email?
Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.
'Ask Michael Anything [Video] – Principal and Interest loan vs Interest only' have 1 comment
November 30, 2017 David
Thanks Michael, great answer that definitely puts us on a better path.