Recent content by snita

But still one loan essentially? Can't have 2 loans against my PPOR, correct? So should be as simple as calling bank and asking them to split the loan 520 P/I and the rest I/O? Thanks

Thanks for all your advice guys much appreciated. Just to clarify, should it have been 2 separate loans, or one loan split in to 2 portions, 520k PPOR and 230k investment? What should I be doing now, is it as simple as calling the bank and splitting the loan in to 2 parts?

I'll mention this to my broker tomorrow, but as far as I'm aware it;s one loan for $750k with ~$230k sitting in the offset account of which I was going to use ~$190k for the IP.. and then a new loan with a different bank for $620k for the IP which will be interest only. Not ideal?

Would it make it better or worse if I said I went through a broker :) or :( Have to take in to consideration that I may not be explaining things properly here!

Do you mean 2 loan accounts as in one for PPOR (refinanced) and one for Investment? In that case yes and they are with 2 different banks. Or did you mean just the PPOR refinance, in which case it is one loan with offset account..

Maybe :o I actually remortgaged with a different institution to get a much better rate (.4% better) and borrowed up to 80%, thought that would make sense to then use as a deposit which I have done/am doing.. Prob too late to change now, but what should i have done? So interest only it is...

Hi all Just bought first investment property over the weekend, in addition to PPOR. Wondering how I should structure my repayments ie interest only or principal and interest. PPOR valued at $975k by the bank, just remortgaged at $750k and had $230k equity. Investment property purchased...

I missed out on a 2 bedder in Redfern almost 2 years ago (2 years in July) which sold for $615k at the time. 3 weeks ago identical apartment sold for $850k, think the boat may have sailed, but who knows in this market.. There are several new apartments going up all over the place in Redfern...

Have you had a look at this place impala, or interested? I had a look and it has water damage (you can see in the photos of the living room), quoted $100k - $300k to fix (would be up for 45% of this cost - strata entitlement)! Still looks interesting, but not sure whether to just steer clear of...

I understand where you're coming from, I was trying to get an idea without showing the quoted price, but you're prob right it is a bit vague, so here it is anyway.. http://www.domain.com.au/property/for-sale/house/qld/keperra/?adid=2011049573 thanks!

Hi all, first time post long time reader etc etc! Living in Sydney (PPOR Redfern) but looking at investing in Brisbane, and have come across a property in Keperra, old 3 bedder on 1133 sqm block. What sort of price would you pay for this, I've had a look at similar properties but trying to get...