Mortgage Myth: Repaying principal and interest on an investment property mortgage is better than paying interest only.

TRUE and FALSE. The answer to this myth is dependent upon your situation. There are arguments that paying interest only on your investment property mortgage allows you to free up cash and claim back tax on the associated interest expense.

At Apex, we typically advise our clients to structure their investment property mortgages as interest only if they have existing non-tax deductible debt which could be repaid first, such as a primary residence mortgage.

Should you be concerned about the structure of your mortgage please contact us. We can work with you and your other trusted professionals to ensure you make the right choices regarding your mortgage debt.
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