When does it make sense to get an interest-only mortgage?

If you're a homeowner, it's important to know when an interest-only mortgage could be a good option for you. In this video, I'll explain what an interest-only mortgage is and when it might make sense to get one.

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[rabindersingh]

Great video and well explained. Thank you!

[lindsayives]

Its great when property goes up in price you can sell make profit or borry equity made or witch to repaymnt one .or just enjoy a fab house luve as yiurs for aa king just like a rental

[jacqepapara]

Awesome advice as usual guys thanks heaps👍😃

[eduardojrespejo]

Hello,
Awesome video.

Fo I pay less to the bank on my mortgage when I switched from principal+interest to interest only?

I am converting my 2br apartment into a rental (through a property management)

[PaulDickson]

Any debt is bad debt. Don't be a debt slave to Central Banks. The market manipulation in Australia now is at peak greed levels never seen before in this country. Sell everything you have, downsize, do what ever you can to avoid these unpresidented debt levels. That $450K house from 2019 that is now worth $700K in 2023. Don't fall for it. That house used to be $130K 20 years ago. This is the bigger housing bubble and what comes up must come down. Protect yourself and don't become a debt slave

[kienhwengtai]

These loans are the type of loans that caused the GFC in 2008/9.

[JJ-mclu]

These loans are pushed on to poor buggers who can least afford them!