Joe Sirianni is Executive Director of Smartline Personal Mortgage Advisers, a national franchised mortgage broking group with close to 300 Advisers throughout Australia. Joe has 35 years’ banking and mortgage broking experience.
With interest rates now around the mid-4% range, and even lower, there’s really no need to have an Interest Only loan, whether you’re an investor or owner-occupier.
Use these rates to take years off your mortgage term and save hundreds of thousands of dollars in interest.