The future is digital – but is a digital mortgage right for you?
In a red-hot property market, a delay of weeks in the mortgage approval process can be detrimental to investors securing...
The tight lending environment is making things tough for property investors, but as broker Aaron Christie-David explains, it is not just those looking to expand their portfolio who could be met with serviceability complications.
With many investors unable to extend the interest-only period of their mortgage and having to switch to a principal and interest loan, Aaron joins host Phil Tarrant to break down what investors can expect around fee increases to maintain their portfolio.
Aaron sums up the pros and cons of both types of loans, predicts who will likely struggle to keep their portfolio and what he has seen as common traits of top performing property investors with years of experience as a broker.
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Interest is the amount of money charged by a lender or financial institution for a loan, which is calculated as the percentage of the principal amount paid over the loan term.