#interest only mortgage
interest only home loans
Looking for an effective finance strategy for your investment home loan? An interest only home loan could be the solution to fund your investment property.
If you are looking to invest in property – or are already an investor – an interest only mortgage limits your monthly repayments to just the interest.
The flexibility you get with an interest only investment loan can provide you greater control over your cash flow. With Bankwest this could allow you to make additional principal repayments when you have the available funds, or redirect your money to other investments.
why go interest only?
- smaller monthly payments
- free up cash flow
- flexible payment schedule
Take into consideration:
The principal on the property is not reduced and when your term is up, you will have to pay it off. Make sure your future finances can support this.If you need help working out how much you can take out in a home loan and the respective monthly repayments, take a look at Bankwest’s handy online borrowing power calculator repayments calculator.
Interest only mortgages can also be a part of your investment property strategy, potentially providing tax and gearing benefits.
See which home loan best fits your needs with our product comparison tool.
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