chanceanarm
Registered User
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Can anyone tell me what the repayments on an interest only loan of 335 K would approx be ?
I'm thinking of purchasing an investment property . The loan would be over 20 years. Also how much positive equity would I need in my current PPR for a bank to feel comfortable in loaning me this amount ?
I have checked the various bank calculators but they don't show any calculations for interest only loans. what would be the best rate i could hope for ?
It would be a 100 percent mortgage for the 335 K
thanks,
Dave
I'm thinking of purchasing an investment property . The loan would be over 20 years. Also how much positive equity would I need in my current PPR for a bank to feel comfortable in loaning me this amount ?
I have checked the various bank calculators but they don't show any calculations for interest only loans. what would be the best rate i could hope for ?
It would be a 100 percent mortgage for the 335 K
thanks,
Dave