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INTEREST ONLY LOAN ADVICE FOR AUSTRALIAN BORROWERS
Information, money saving tips and commentary on Interest Only Loans in Australia

Interest Only Home Loan



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What is an Interest Only Loan?

An Interest Only Loan as the name suggests requires the borrower to repay the interest only and nothing off the principal. The interest rate can be variable or fixed and the term is usually relatively short, often only one to five years. At the end of the loan period you still owe the full amount of the original loan.

Interest Only loans are popular with property investors in particular for several reasons. When interest rates are rising property investors have a degree of insulation from excessive repayments that may otherwise trigger cash flow problems. Regardless of whether interest rates are rising or falling, the fact that interest only loan repayments are less than repayments on a principal and interest type loan, means that an investor retains more profits from rents or can afford to purchase a higher value property.

Interest Only home loans for average home buyers are not very common in Australia, but in some countries where property is very expensive they help to make owning property more affordable.


INTEREST ONLY LOAN FOR INVESTMENT PROPERTY
Std Variable Rate Loan
Basic Variable Rate Loan
Fixed Interest Loan
Split Loan
Home Equity Loan
Debt Consolidation Loan
Low Doc Loan
Non-conforming Loan
Line of Credit
Interest Only Loan
Reverse Mortgage
Construction Loan
Renovation Loan
Refinancing
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