Generally, when your loan switches from IO to P&I the lender will give you a standard rate, so make sure you negotiate as hard as you can with your current lender to get the P&I rate as low as possible, might help with increasing your cashflow slightly until you decide what to do with the property…..

All banks and lenders have different niches, that’s why it’s a wise idea to speak to a mortgage broker who has access to most of the lenders in the market place and who will know the best lender to place your loan with. It’s generally a free service, well it is at my company anyway. Feel free to give me a call if you are still having…[Read more]

All banks and lenders have different niches, that’s why it’s a wise idea to speak to a mortgage broker who has access to most of the lenders in the market place and who will know the best lender to place your loan with. It’s generally a free service, well it is at my company anyway. Feel free to give me a call if you are still having…[Read more]