Are Interest Only loans still your very best option?

Are Interest Only loans still your very best option?

Rates of interest are a definite topic that is hot now. Up to immediate past, mortgage loan prices had been exactly the same as investment loan prices. During the last couple of months, banking institutions have already been interest that is slowly increasing to the level where Interest just (IO) loans are 1% more than Principal & Interest (P&I) loans. By having a 100 foundation points’ price distinction, one must consider whether it nevertheless makes sense that is financial pay IO on your invested interest loan.

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