Mortgage Stress Effects Property Investors
2008
Some tempory mortgage stress relief.
Tenants not paying on time or behind, unable to make your interest payment on your rental property loan?
Don’t use your own money, consider setting up an interest only line of credit allowing capitalisation of interest and use it to pay the interest on your principal investment property loan until you have sorted things out with your tenant or cash flow has improved. If you borrow to pay your interest, the interest on the line of credit will be tax deducible as well. The one proviso is that you genuinely have cash flow problems and are unable to pay the interest on your investment property home loan.
See your mortgage broker for details about interest only interest capitalised line of credit home loans. Remember treat your property investment as a business, not a hobby. Give it a chance to succeed, a ten year chance at least.
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