Recent content by bspanovic

Will do. Thanks.

Hmmm, so if current PPOR is paid off can?t I just reverse mortgage on it and pay off my IP loan? The bank is still holding my PPOR title even no money owned and are willing to loan me money. Cheers

Wow, better start looking into plan B right now.... So if we now proceed with the loan and purchase IP, once we decide to switch places around we should refinance and have our current PPOR mortgaged to be able to claim interest? Would that be relatively painless workaround giving that...

Hi My wife and I are looking to purchase IP (NSW). Our PPOR is in my name only, fully paid off and bank used it as a security for the lP loan. I am the major earner while my wife pays no or very little tax. Once we purchase IP we are planning to initially rent it out and then move in within...