Home loans are unquestionably complex, but the two most common types to choose from are “principal and interest” and “interest-only”.
But what’s the difference? and what is the best choice for you?
New report finds Bank of Mum & Dad is nation’s fifth biggest lender, ahead of ING DIRECT and Suncorp
29% of Australians aged under 34 are reliant on their parents to provide a deposit for a mortgage, a new survey has revealed.
A further 26% of first home buyers said they were waiting on inheritance to help them buy.
Don’t let your financial structure hold you back from achieving your property goals
When seeking to build a sizeable portfolio, many investors only focus on the need to find properties that will grow in significant value.
This is paramount of course for property investing success; however, as an investor you also need to be aware of your financial structures because the wrong arrangements can severely constrain your borrowing capacity, and subsequently your ability to build a large property portfolio.