How To Renew Your Interest Only Loan ... And The Mistakes To Avoid | Ep. 436
- Author
- Opes Partners
- Published
- Fri 20 Nov 2020
- Episode Link
- https://podcasters.spotify.com/pod/show/propertyacademy/episodes/How-To-Renew-Your-Interest-Only-Loan-----And-The-Mistakes-To-Avoid--Ep--436-emnt5l
In this episode, we discuss how to get the bank to renew your interest only loan. This is a critical topic, because sometimes your interest only period and your fixed interest period can get out of sync.
This becomes an issue for property investors who mid-way through a fixed interest period find themselves paying principal and interest, and not being able to get out of it without paying a break fee.
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