Welcome back to That Backyard Property Podcast Miniseries! In this episode we delve into the differences between principal and interest loans versus interest-only loans. We'll explore why most homeowners opt for principal and interest loans to pay down their loans and achieve their goal of owning a property debt-free. Additionally, we'll discuss why investors might prefer interest-only loans to maximize tax benefits and accelerate the repayment of their home loans.
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TIMESTAMPS:
00:00 Introduction to Loan Types
00:12 Understanding Principal and Interest Loans
00:37 Why Choose One Loan Product Over Another?
01:02 Principal and Interest for Homeowners
02:06 Interest-Only Loans for Investment Properties
03:18 Tax Considerations and Loan Repayments
04:21 Recap and Next Steps
04:54 Conclusion and Farewell
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Produced by Podwave Studios
