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What you need to know about your interest only investment loan
Nov 08

What You Need To Know About Your Interest Only Investment Loan

By Shane | Fundamentals

Property investors often choose to set the repayments for their investment loans to ‘interest only’ repayments. An interest only repayment means you pay only the interest due each month, but you aren’t paying down the loan balance.

By comparison, a principal and interest repayment is made up of a portion that covers the interest due and a portion that pays down the loan balance a bit with each payment made.
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