In this video, we explore the decision of whether to pay off the principal or focus on an interest-only loan. Many property investors and homeowners face this dilemma, and it can be challenging to understand the long-term financial impact of each option. By breaking down the key differences between paying down the principal versus maintaining an interest-only loan, we provide clarity on how each choice affects your cash flow and overall financial strategy.
We also dive into a practical example to show how the numbers play out in real-life scenarios, supported by relevant statistics to guide your decision. Plus, we share insights on who to work with to ensure you’re making the best move for your financial situation, whether you’re looking to pay off your mortgage faster or optimise cash flow with an interest-only loan.
Disclaimer: This article is intended to provide only a summary of the issues associated with the topics covered. It does not purport to be comprehensive nor to provide specific advice. No person should act in reliance on any statement contained within this article without first obtaining specific professional advice. If you require any further information or advice on any matter covered within this article, please contact an adviser from mortgagehq.
