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Yes you are right Rolf if I get this wrong big implications. Will talk to our accountant about this also. Thinking out loud wether it is possible to do a new loan for current ppor to get around the tax issue so that the maximum could be taken advantage of, but then I suppose the current...

Ok, I feel like I really should know these figures off top of my head as been thinking about and reading a lot on these forums trying to learn :cool: Although I don't, so have found loan documents which give me the following info. Loan 1 originally taken out in 2006 $290,000 amount and...

Even though it is a separate loan and secured against a different property ? I will find out exactly the lvr we went to on loan 1.

Thanks for replies everyone, Q1 - Yes lmi has been paid on original loan lvr was around 90% but in partners name only so will have to check to the exact percentile what it was. Q2 - currently have $80,000 saved and can borrow another $10,000 from family if needed, would only do the...

I am looking for a new ppor and hopefully will find somewhere in the next few months. I just want to make sure my thoughts on loan set up is correct or see what i might be over looking. Currently have - Loan 1 $267,000 Interest only currently ppor planning on making rental once we move...