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

<p>In this episode, we answer a property investor's question about how the banks test and approve interest-only mortgages.&nbsp;</p> <p><br> We walk through the bank's criteria and why an interest-only mortgage can be harder to get than a principal and interest mortgage.</p> <p><br></p> <p>We also mention that if you plan to grow a property portfolio in 2022, you should check out the <a href="https://www.opespartners.co.nz/property-coaching" rel="ugc noopener noreferrer" target="_blank">Opes Property Coaching programme</a>. This is the programme that may be able to help you build a property portfolio in 2022.</p>