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10-Year Interest-Only Loans: NZ's Game-Changing Move for Property Investors⎥Ep. 2149

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Manage episode 497424563 series 2620646
Content provided by Opes Partners. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Opes Partners or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In this episode, we reveal the banks now offering 10-year interest-only mortgages – and why this could be a game-changer for property investors.

While most banks cap interest-only terms at 5 years, some are now doubling that time frame. But that doesn’t mean it’s easier to get. In fact, the lending criteria are often stricter.

We dig into the differences between ANZ and TSB’s approaches, including how much extra income you need to qualify – and how the banks test you differently.

You’ll learn:

  • Which banks offer 10-year interest-only terms (and how they work)
  • Why interest-only loans are slightly harder to get (despite lower repayments)
  • Who this strategy is right for … and when it could hurt you

Want to get an interest-only mortgage? Run the numbers with this interest only mortgage calculator.

Don't forget to ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠create your free Opes+ account here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

For more from Opes Partners:

  continue reading

2226 episodes

Artwork
iconShare
 
Manage episode 497424563 series 2620646
Content provided by Opes Partners. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Opes Partners or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In this episode, we reveal the banks now offering 10-year interest-only mortgages – and why this could be a game-changer for property investors.

While most banks cap interest-only terms at 5 years, some are now doubling that time frame. But that doesn’t mean it’s easier to get. In fact, the lending criteria are often stricter.

We dig into the differences between ANZ and TSB’s approaches, including how much extra income you need to qualify – and how the banks test you differently.

You’ll learn:

  • Which banks offer 10-year interest-only terms (and how they work)
  • Why interest-only loans are slightly harder to get (despite lower repayments)
  • Who this strategy is right for … and when it could hurt you

Want to get an interest-only mortgage? Run the numbers with this interest only mortgage calculator.

Don't forget to ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠create your free Opes+ account here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

For more from Opes Partners:

  continue reading

2226 episodes

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