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Thanks, Terry and Paul. It makes sense now.

Paul, I'm totally lost with this one. How could proceeds from UT's refinancing be transferred to PPOR and still deductible? Wouldn't it become "used for private purposes"?

I am looking forward to it, Terry.

I hired solicitors for buying properties, but with small purchases like phone, software, etc, I never read the contract or terms and conditions. I know I should. But I just assume that, if something seriously dodgy is in there, it would affect thousands of people, and there could be class...

Thanks, Alexlee. I guess it's a matter of choosing the right balance between asset protection, serviceability and costs involved.

Never been sued and never sued someone either but came close once. I want to stay away from courts as much as possible.

Thanks everyone for your input. You guys are great and I'm learning a lot from you all. I know I might sound too worried about asset protection for my current situation. But I guess it's the unknown factor (or lack of good legal knowledge) that concerns me the most - what circumstances can...

Thanks a lot Peter, Paul and Terry. I read about MT in Julia Hartman's books but couldn't find info about them anywhere else. So although it sounds great especially for someone who didn't buy property in trust structure, I thought it would hurt serviceability unless there are ways to get around...

Hi all I?ve read a little bit about Mortgage Trust and how it can be used for asset protection by having second mortgage with the trust. It seems to be a good way, but it?s unclear how it will affect serviceability, and I couldn?t find any information in the forum at all. Let?s say I...