I don't want to say at this stage Jess, sorry.
True, but by increasing the PPOR loan it creates a disconnect between the business and the loan, if the business fails then I'm simply paying more each month to service the PPOR loan.
As long as I can service the PPOR loan things are fine...
Hi all
I would appreciate advice on our current situation.
PPOR - worth about 750k - outstanding bank loan of approx 13k
IP - worth about 360k - outstanding loan of approx 320k - crosscollateralised against the PPOR
Combined LVR approximately 30%
No issue with servicing the loans.
We are...