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Can we get interest only loan from our own personal home mortgage?
Dear all,
I just need a little bit help here: is it possible for us to get an interest only (ie. not paying the principal) from our own personal home mortgage? Also, I am looking to get my first positive cash flow investment property, does anyone know where to get property coach (or some organisations or clubs that can help)?
Much appreciated for your assistance,
Ricky
I just need a little bit help here: is it possible for us to get an interest only (ie. not paying the principal) from our own personal home mortgage? Also, I am looking to get my first positive cash flow investment property, does anyone know where to get property coach (or some organisations or clubs that can help)?
Much appreciated for your assistance,
Ricky
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Replies to This Discussion
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Permalink Reply by Karen on -
Hey Ricky, if you have equity in your home is you can get an Equity Access Loan (also called a Line of Credit), which is interest only.
As for a property coach, be careful that you don't end up shelling out thousands for something you could get from a "Dummies" book for $40...
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