Buying a home? Here's how to work out a comfortable mortgage repayment without sacrificing your lifestyle or future financial goals. When you're preparing to buy a home, one of the first questions you'll probably ask is: "How much can I borrow?" But there's another question I think is even more important: "How much can I comfortably borrow without sacrificing the lifestyle I want to live?" One of the biggest mistakes I see home buyers make is committing too much of their inco

When choosing a home loan, one of the decisions you'll need to make is whether to pay principal and interest (P&I) or interest-only (IO) repayments. While principal and interest repayments are the more common option for homeowners, interest-only repayments can offer advantages in certain circumstances, particularly for property investors or borrowers looking to manage their cash flow. But what's the actual difference, and how do you know which option is right for you? Let's b