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IO can also improve the serviceability with some lenders for future purchases since current outgoings are reduced ta rolf

if you have 30 k on offset and your current loan is 170, create 2 loans 140 non ded 30 deductible use your cash to repay the30 k new loan split and then redraw for the IP reduces your non tax ded debt by 30 k Seek specific tax advice though pls ta rolf

Hi KM Welcome The joint loan thing wont be helpingyou middle term, since most ( but not all) lenders see the loans as joint and several liability. everytime you go to pull some equity, the co borrower will need to guarantee and vica versa. As to the next IP, a lot will come down to...