Recent content by Cedarwood

Thank you for your advice Terry

Thank you Terry, Is this the right paragraph? 3.The deductibility of interest is typically determined through an examination of the purpose of the borrowing and the use to which the borrowed funds are put. Ruling TR2000/17 Regards,

Hello forum members, Would like your opinion about the following example please: Investment Property A: Loan 1: 227500 Loan 2: 55000 (split to purchase Property B) Investment Property B: (Value 390000) Loan 3: 221000 If I were to refinance the loan on Property B, and borrow an...

Guys, Thank you for your advice, I will look into your recommendations and see how viable they will be for my situation.

Hello again, The application for "substitution of security" was rejected by the credit team of the institution!!!! The messenger advised that it could not be done because of LMI, and the fact that the split loan is linked to the correct property, and could not be changed. (That defies the...

Thank you for your advice Peter, the lender forwarded me a security substitution form to complete as you indicated. Regards,

Hello Forum members, Long time follower and first time poster. I would value your advice if possible for the below scenario: - Investment Property 1 (Value: $420K): Loan 1: $227500 (I/O) fixed Loan 2: $55000 (I/O) fixed - Split loan for Investment Property 2 - Investment Property 2...