Listener Question: How Do Banks Decide If I Can Have an Interest Only Loan? ⎜Ep. 894

In this episode, we answer a property investor's question about how the banks test and approve interest-only mortgages. 

We walk through the bank's criteria and why an interest-only mortgage can be harder to get than a principal and interest mortgage.

We also mention that if you plan to grow a property portfolio in 2022, you should check out the Opes Property Coaching programme. This is the programme that may be able to help you build a property portfolio in 2022.