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:cool: ta ---------

page 10 :)

Hi, whats BDM? i keep seeing bdm here

Cool ok so to confirm... When my ppor is worth $300 K and my loan is $177 K. I can take out a loan on my ppor for eg $50 K. Does the bank transfer the 50 K loan to my offset account? Is that how it works. Then I would withdraw the $50 K cash in my offset account to use as a deposit for ip...

:cool: -------------

Yeah I think so, so that i can provide my ppor as security. I'll have to cross collatoralise for the first ip purchase. Do you have a ppor and an ip. Or just an ip and looking to buy ip # 2? :) Also will talk to mb when i meet with him to fix my loan next year whats involved.

I only need another 50 K more equity before I can buy I think. So hopefully fhb here have pushed up values a bit in the west with the boost, but still it may take at least a few years before rhapsody and harmony will dance for me ;)

I would like to fix for 5 or 7 years, but what happens when I went to re-finance in a few years time to buy my 2nd property? :confused: