Listener Question: How Do Banks Decide If I Can Have an Interest Only Loan? ⎜Ep. 894
- Author
- Opes Partners
- Published
- Mon 21 Feb 2022
- Episode Link
- https://podcasters.spotify.com/pod/show/propertyacademy/episodes/Listener-Question-How-Do-Banks-Decide-If-I-Can-Have-an-Interest-Only-Loan--Ep--894-e1eeco6
In this episode, we answer a property investor's question about how the banks test and approve interest-only mortgages.
We walk through the bank's criteria and why an interest-only mortgage can be harder to get than a principal and interest mortgage.
We also mention that if you plan to grow a property portfolio in 2022, you should check out the Opes Property Coaching programme. This is the programme that may be able to help you build a property portfolio in 2022.
