An interest-only loan is a loan with a set term where the borrower is required to repay only the interest on the principal balance.

Interest-only loans are popular with investors, as they generally offer lower repayments, while the property asset hopefully increases in value over the long term. Interest-only loans can also be beneficial for people who are renovating their own home or building property and seeking lower repayments whilst doing so.

Speak to a Bernie Lewis Home Loans Mortgage Broker to learn more about Interest only loans.

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Getting the right advice is so important, so give us a call on (08) 8300 8300 or contact us online to start your home loan journey with Bernie Lewis.

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