![Ask Michael Anything [Video] – Principal and Interest loan vs Interest only - featured image](https://cdn.propertyupdate.com.au/wp-content/uploads/2014/12/low-interest-rates.jpg)
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
- Also read:Latest property price forecasts for 2024 revealed. What’s ahead in our housing markets in the next year or two?
- Also read:Here’s how to avoid these 12 common reasons property investors fail to build a Multi Million Dollar Property Portfolio
- Also read:Sydney property market forecast for 2024
- Also read:Boom to bust: What makes property prices rise and fall
- Also read:This week’s Australian Property Market Update – Latest Data, State by State November 28th, 2023
Ask Michael Anything [Video] - Principal and Interest loan vs Interest only
![Ask Michael Anything [Video] - Principal and Interest loan vs Interest only](https://i.ytimg.com/vi/ONN_WSKY6YM/0.jpg)
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