- freedg420Participant@freedg420Join Date: 2021Post Count: 0
this is a pretty straight forward question for the experienced people on here…
After researching, I intend to change my investment property loan from repayment to interest only, I am just wondering can anybody advise on the criteria for which this is approved or denied?
I would like to think this is a relatively straightforward ask but I know that it’s based on loan review or assessment. I would like to get this information straight before I apply, I have a ppr and an investment property both on repayment, I plan to re mortgage the ppr soon after I complete my renovations. Also self employed.
thanks in advance, แทงบอลพรีเมียร์ลีกTerrywParticipant@terrywJoin Date: 2001Post Count: 16,213Colin RiceParticipant@fmsJoin Date: 2011Post Count: 338
Pre royal commission this was a relatively easy fix, now, as @terryw has already stated it will require a full application to assess serviceability under the new repayment schedule. Being self-employed, depending on your scenario can also complicate matters.
- This reply was modified 3 months, 3 weeks ago by Colin Rice.