Im about to refinance my 190k loan and get extra cash (probably up to 250k total loan amount) to replace an old garage and purchase dividend shares (thus reducting my tax bill). I need to slightly increase my debt to avoid having to pay quarterly tax. The rent Im getting for this IP is quite high due to solid rental demand in the area.
ANZ are offering 5 yr fixed rate 4.59% which seems like a fine deal. On 250k loan amount the PCM repayment would be around $991 which seems ok.
Or should I go to variable and get a discount. The guy says he can ask the pricing team for discounts.
Its a hard decision to make. Thanks for your opinion
ANZ are offering 5 yr fixed rate 4.59% which seems like a fine deal. On 250k loan amount the PCM repayment would be around $991 which seems ok.
Or should I go to variable and get a discount. The guy says he can ask the pricing team for discounts.
Its a hard decision to make. Thanks for your opinion