Recent content by Jess Peletier

That shouldn't be a problem - there's no time limit to spend the equity release. No keywords required, however a split loan is a good idea regardless. :)

More like 5 years, but still. That is bad service though and I can understand it's disappointing. Especially for a PPOR - for an IP these days you'd kind of expect it.

Go chat to someone about the specifics - it might be worth moving one rather than all, especially if it changes your total LVR and therefore your rate. If they're all $200k loans it might be worth looking at. Or even just changing product with the same lenders - do you need 3 packages? Often...

I missed this bit - oh dear.

Hypothetically at the end it could look like this - IP1 - 80% Ip2 - 80% Mum's PPOR - 3% toward IP1 - 20% toward IP2 (or the balance if value on IP 2 has gone up.) All secured individually so no more x-coll.

From what I understand from your post - To release mum's property from IP1 without using any cash, equity from another property or further x-coll, you'll have to pay LMI as the LVR will be around 83%. This uses all IP 1 equity, and releases Mum's PPOR with no loan attached. However - due to the...

It depends. If you are on the highest tax bracket and your partner earns no income, and the IP is in your name only, having a CC for all IP expenses and (separate) CC for personal expenses and all savings/cash in high interest acct in partners name for the whole month can be more tax...

While they can't give tax advice, it's SO important that they understand the tax implications of the loans they're setting up! Most have no clue. Or interest in getting a clue.

Haha - Europe will come...I have no intention of dragging my 3 kids along with me! ;) I love eating out, but cutting back is fine when you have a husband that cooks like mine does - we tend to go out somewhere really nice a couple of times a year and eat in the rest of the time. It just got...

Sure do :)

ANZ do Chiropractors.

Others may disagree, but I wouldn't put that in. The recent sales are relevant information that shows the seller he may be priced wrong, the above is priced in to the recent sales. If I got a letter with those points in it, I'd be annoyed and when you're low-balling an annoyed vendor will...

You could, in theory, consolidate all your IP loans into one, however you'll still have to account for them in some way, through an excel spreadsheet etc. Pro's are you may get a cheaper rate. If you don't keep good records, can get tricky when selling or if you change the use of the...

I'll PM you Anita - but yes, happy to help :)

There are still lenders lending, so it really comes down to finding the right ones and using them while you can. Don't give up your strategy based on rumours and 'maybe' - sit down with your broker (over the phone/skype if need be), see what's actually possible and go from there.