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How often to release equity
thank you for your wisdom dave traeger- Terry_w
- Post #14
- Forum: Property Finance
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How often to release equity
With parking money in a savings/offset account there are 2 risks 1. Easily contaiminating the loan with non borrowed money 2. Weakening the connection between the borrowings and the interest. I agree that the interest could be deductible where the borrowed money is parked in a clean...- Terry_w
- Post #11
- Forum: Property Finance
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How often to release equity
An offset is a savings account. And deductibility could still be ruined.- Terry_w
- Post #6
- Forum: Property Finance
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How often to release equity
Yes, because from a tax point of view this could ruin deductibility of interest. Why not set up a LOC or a loan with redraw and pay back into the loan. You don't want to constantly keep borrowing and parking in a savings account. How often you increase loans will depend on the lender's policy...- Terry_w
- Post #3
- Forum: Property Finance