Interest Only or Repayment Mortgages - It's your call

In this episode, Rob looks at two types of mortgages - repayment and interest-only. He walks you quickly through the differences. Including, pointing out a few of the pros and cons of each option.    Rob uses a hypothetical £100,000 house to demonstrate the difference between the two options in terms of cash flow and potential equity. He does not give monetary advice in the podcast, but certainly provides valuable information you can use to build up your understanding of mortgages. Sign Up For MSOPI Here: https://bit.ly/msopi-nomad KEY TAKEAWAYS Rob is not a qualified financial advisor, so does not offer financial advice in this podcast. But still provides valuable information anyone can use. Whether a repayment or an interest-only mortgage is right for you depends on many factors. Most homeowners pay the interest and the capital back. Not every investor wants to do the same. Many brokers suggest that property investors use interest-only mortgages. Rob provides an insight into why that is. Some investors like to pay down the capital to create more equity over the long term. Cashflow is an important consideration. Something Rob explains in the podcast. Interest-only mortgages have the potential to enable you to leverage the banks' money. There is no right or wrong strategy. Do what works for you and your business. When deciding which mortgage is right for you get some input from a qualified financial advisor.   BEST MOMENTS ‘Inflation, over time will generally increase the price of your home.’ ‘In the middle of a market dip it might be harder to refinance, but if you’ve paid off some of your mortgages it might be easier.’ ‘Do what works for you, speak to your broker.’   VALUABLE RESOURCES The Property Nomads Website  Buy to Let: How to Get Started – By Rob Smallbone (Amazon)   ABOUT THE HOST  Rob Smallbone the host of The Property Nomads Podcast, is on a global mission to guide your success. Success can happen in many ways, shapes, and forms. Think about what success means to you. More properties? More clients? Financial freedom? Time freedom?   Rob wants to make a huge difference to people around the world. He is here to guide your success in property, business, and life and to inspire you to achieve your goals, dreams, and visions. He's travelled, explored, and invested. And he's not planning on stopping these activities anytime soon.   Buckle up, sit tight, and enjoy the ride that is life.   CONTACT METHOD  Facebook Instagram Twitter     uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast