Search results

SVR = Standard Variable Rate aka Term Loan SVR usually have a lower interest rate typically .15% and are repaid over an agreed term Eg. 5 years interest only then 25 years P&I over a 30 year term. LOC are generally revolving meaning they don't have a fixed term in which they need to be repaid...

Banks can impose a lot of things if they chose to but if you make your contractual payments on time they generally leave you alone. If you get a LOC it is best practice to pay the monthly interest from an outside account as capitalizing interest can be frowned upon by the ATO if it is deemed a...

Always best to get as much as you can while you can. As the economy cycles debt will not be as readily available, that is for sure. If you tick the right boxes lenders are currently rolling out the proverbial red carpet. SVR can mimic LOCs and don't have a recall clause as part of the T&Cs...

Banks don't do asset lending anymore :( Once you are gainfully employed look at gearing your properties to 80 or 90% LVR, partner permitting?