Search results

Thank you Terry, This is what I am unsure off as I do not need the funds. As you can tell I have never DUA, as I always gave 25% deposit (20% for deposit 5% for fee costs). Now that was my dilemma, if say I get $1 mill or more how do I manage it for further investment and how do I manage it...

Very interesting, What is meant by DUA???? 1. All loans are uncross so I will keep it that way, thanks. 2. Why? What if the total loan is drawn down for living not investing? Can this one loan be split into 2 accounts? 1 for private 1 for investing if required? Can I reshuffle the amounts...

Hi Sash, Thanks for the advice, it is noted, but hard to decide. I have never had any CBA IP loans, only personal accounts and business banking, so I may give them a go for 1 only, the PPOR. The valuator said, most CBA loans are against PPOR rather than investors? My dear friend is Exec. Mgr...

Hi Rolf, But my unencumbered house is worth > $2mill so is that concentrated risk? Also, as pointed out I have additional investments in other entities, SMSF, and trust. So total portfolio is now > 10 mill (I hate disclosing these details) with PPOR with LVR around 30%, or 40% without PPOR...

Thanks Marty, I think you are spot on, we are after some offset account and to top up our IPs loans, can be refinanced if the solution is better and justified. As I mentioned I am not after maximum Loan top up, and I don't mind paying higher interest rate, as long as the risk management and the...

A very good point, as no one has a crystal ball what can happen in the future. Thanks Terry.

Thank you for the replies so far, as I agree with the comments above. Since I have been advised from the start never to cross or give ONE lender ALL I couldn't agree more. I have sent email to the broker requesting the reasoning, and I presume the top ups required much more work for the...

That's my intuition too and concerns I voiced with the broker. Maybe too much work for the broker, I don't know?

Hi, It's my first post here so I hope all knowledgeable brokers reply, thanks. I am trying to pull out maximum equity from our loans and to set up at least 1 Offset account for the surplus cash from IPs. DO any of you do it? I realise this would be a very general overview but I am more after...