Are interest-only mortgages in your interest? ASIC
Michael CrawfordDecember 7, 2020
ASIC has produced a checklist for property investors considering interest-only payments for mortgages as well as a case study and various toolkits.
The self-check website outlines risks associated with interest-only loans, the benefits and offers other tips and advice.
For more information, click here.
ASIC has also provided a handy tool for interest-only mortgage calculations, which you can find here, as well as a handy guide to interest-only loans for property investors available here.
Michael Crawford
Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.