WHAT IS THE BEST LOAN FOR A PROPERTY – INTEREST ONLY OR PRINCIPLE & INTEREST?
Regulators and some advisors have recently been pushing people towards “principle & interest” (P & I) loans rather than “interest only” (I.O.) loans. The theory and logic is that with a P & I loan, the loan gets paid down, whereas with an IO loan it stays the same. However, there is a lot more […]