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I think you're quoting me out of turn there... People shouldn't spend time worrying about what their loan will look like in 5 years time, these things do have a way of working themselves out. But you can't hold anyone else if things don't go your way however. If your circumstances don't...

A lot of lenders have a 5 year restriction on I/O periods, but CBA isn't one of them (for the moment). I haven't seen any restrictions on I/O for PPORs yet, but who knows what tomorrow brings! The best advice I can give right now, it to call your broker or banker before making any lending...

Which takes us to the next logical step, it's all good and well to renew an I/O period on your existing loan, but how long with lenders allow that to go on for? Will there be a limit to how many times you can roll over an I/O period? Simple answer for investors would be to refinance to a new...

My apologies, I interpreted the question to be can you roll over to a total of 10 years I/O (add another 5). I do wonder if the CBA and Westpac will be reviewing these policies in the near future. I'm also wondering (in more general terms) if the line of credit products (I/O for the life of...

For the time being, yes you can. It wouldn't surprise me if this came under review in the future though.

That does tend to be standard practice.

No credit scoring and a fairly reliable DUA.

Do you really think your existing loans would last 15 years in their current state? It's highly unlikely that this is actually a problem.

Westpac, CBA & ANZ spring to mind. The catch is they assess your application based on the remaining P&I term after the I/O ends. If you want a 15 year I/O term, your affordability needs to be demonstrated on 15 year P&I repayments. This is a pretty tough call for many people.

All require full applications. The only lenders (off the top of my head) that may not require full applications are Westpac & CBA. Quite often they also require a full application.

To this day I have no idea. It was within all their policy parameters for top ups, they simply told me they require a particular form to be filled out and certain documents to be supplied. They also performed a full valuation. The only thing that was a bit out of the ordinary is this client...

Often you can do this with Westpac. The last one we did however, required a paper based form to be filled out along with payslips and rental statements as supporting documents. It was significantly more work than a regular application. This was about 6 weeks ago. I do know what you've...

I think the problem of I/O loans expiring to P&I is a bit over rated if structures are applied correctly from the beginning. I'm still in touch with some of the clients I set up loans for 10 years ago. Their I/O periods would have expired twice since then but it's rarely a problem. In...