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  1. B

    Is it an option to us IP equity to boost your own homeloan down payment

    Thx Mick, Peter settled it for me... Basically a no go!
  2. B

    Is it an option to us IP equity to boost your own homeloan down payment

    Thx guys!!
  3. B

    Is it an option to us IP equity to boost your own homeloan down payment

    The difference is the tenant is paying the interest occurred on the lump sum amount I took out of the IP with the weekly rent. I win by saving interest on my private homeloan as the lump sum money is sitting in an offset account linked to my private homeloan. A marginal win, I know, but...
  4. B

    Is it an option to us IP equity to boost your own homeloan down payment

    Hi, So is it an option to draw down the equity on your IP and putting the cash into an offset account linked to you primary residence homeloan. What are the benefits or negatives ? I understand the cash obtained would not be deductable as it is not being use towards investing in new...
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