Search results

Hi Syd IO request should be ok, as long as your serviceablity isnt marginal, since with IO they calc repayments over 25 years rather than 30 Rate should be the same PI or IO I would still activate the redraw, its free and sometims its useful ta rolf

Why is it an increased risk? I wasn't planning on buying for at least a few years (2-3) as we have a small child and planning on another after the house purchase so we'll see how things go after that. Hence my thought of paying down the debt for a few years first. Taking a step back from ur...

Hi GMAN Pls dont take it the wrong way, but the discussion may have gone right by you. If you have a 60 % actual LVR, or a 60 % notional LVR ( the 20 % sitting on offset) has the same effect on IRs and other cashflow related issues. Indeed its a much better risk managed tool in most (...

Hi and Welcome What Bradsdad said Another immediate upside of using an IO loan with the "ideal minimum deposit: ( and that varies with each transaction, risk profiles etc ) is that you retain the cash as cash. Sounds dump,but lets say one commits most or all of their deposit into the...