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Podcast: The Strategy Stacker - Luke Talks Money
Episode: Luke on 2CC – Interest only repayments – When might you use it?
Description: Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired on Friday 29 September 2023. The show today looks at loan repayments. When you pay back a home loan you can make interest only repayments or principal and interest repayments. The topic this week for the show is: Interest only repayments – are they good or bad? When might you do it?
Key topics covered include:
What is an interest only repayment on a loan?
When might you use interest only repayments?
How long can you hold an interest only loan?
Can you change lenders and...