Deepak replied to the topic Will moving some investment loans from IO to P&I reduce serviceability ? in the forum Help Needed! 9 months, 4 weeks ago
Thanks all for your inputs. Much appreciated.
I do agree serviceability in long term will improve due to Principal being paid off.
If the monthly cashflow is going down due to switching to P&I , won’t that reduce serviceability in the short term (12-18 months)?
Deepak started the topic Will moving some investment loans from IO to P&I reduce serviceability ? in the forum Help Needed! 10 months ago
I am planning to move some of my investment loans from IO to P&I because of the lower interest rates available on P&I.
Will moving some loans to P&I reduce my serviceability ?
I am planning to buy another property in 12-18 months of time.
Given the timeframe for the purchase of next property, will it be better to leave them as IO to keep…[Read more]