Want to save money on your home loan? In order to get a two percent interest rate on your home loan you need to get a pivot loan. You basically borrow money for a lower interest rate for your home property loan but then turn around and borrow for a higher rate for an investment property but that interest is tax deductible. While there is criteria to get this loan you can save yourself a lot of money if you have a home loan and an investment property.
Key Takeaways:
- Mr Sheahan discovers a loan with an incredible interest rate of only two percent, allowing paying off his home to be much easier.
- These low interest loans are not just for everybody however, as people have to meet a strict criteria to be qualified.
- Finance experts say that these loans, if you’re an investor willing to switch gears, can be an amazing win-win for a home owner in need.
“To secure his low interest loan Mr Sheahan shifted the interest across to the loan he had on his investment property”
Read more: https://www.dailymail.co.uk/news/article-5758223/Man-knocks-15-years-mortgage.html