“If the rates are up 50%, we'll go interest only for five years. And basically hope in five years when the loan expires, rates will be back”
RB
Rob Buccini
The Macro Dirt Podcast ·
Granite Home Loans · The Adviser Podcast Network · In Focus: Extending property ownership reach
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offer a 10% interest-only loan for 10 years on construction projects
10% interest only, 10 years
“If the rates are up 50%, we'll go interest only for five years. And basically hope in five years when the loan expires, rates will be back”
“I just got an unconditional approval for a loan and signed loan docs on Saturday. It's a $6.5 million loan and it was split into two portions, one at 6.14% interest only investment and one at 6.34%. So we guarantee our rates at 6.1%.”
“We went into construction phase and that's when I needed to get the funding… I got some investors on board… I was running a six million dollar construction project”
“Someone who chooses interest-only on the investment split usually maximises the deductible interest and directs all surplus… towards a non-deductible home loan”
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