VIDEO – Why is there such a difference between PI and Interest only loans?

VIDEO – Why is there such a difference between PI and Interest only loans?

The gap between Principal and Interest loans and Interest Only loans is widening.   Why is this happening?  Are the banks going to tighten up on offering Interest Only loans?  We discuss that with Andrew Mirams from Intuitive Finance.

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Andrew Mirams
andrew@realestatetalk.com.au

Andrew’s expertise covers all aspects of lending, in particular he understands the special lending requirements faced by both self employed customers and property investors. It is a testament to Andrew and his team that a large amount of his business comes from repeat customers and their family and friends.Outside of work, Andrew enjoys playing golf, watching and coaching football and spending time with his family.

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