Mind the interest rate gap Over the past twelve months or so, a significant interest rate gap has opened up between different types of loans. This has been driven by regulatory changes to reduce investment and interest only loans. Banks and lenders responded by increasing rates on investment loans and interest only loans. Increases have been […]
Which home loan should I have?-Part 2
Types of home loan payments Two common types of home loan payments are principal & interest and interest only. The most popular by far is principal & interest so we’ll look at that first: Principal & interest payments- As the name suggests each time you make a payment to your home loan part pays down the […]