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  1. C

    Changing from P&I to IO. Pre-paying interest to reduce tax questions.

    Yes, absolutely. The loan was drawn down, and interest paid up front by midday. A terrific outcome at short notice. Cheers
  2. C

    Changing from P&I to IO. Pre-paying interest to reduce tax questions.

    Good news.. It was approved mid morning. All done. The benefits of using a smaller bank... they bend over backwards to make it work!
  3. C

    Changing from P&I to IO. Pre-paying interest to reduce tax questions.

    Touche! Just need to sign the forms.. its good to go!
  4. C

    Changing from P&I to IO. Pre-paying interest to reduce tax questions.

    Hi All Looking for a bit of advice here.. I think i'm on the right track but would like some reassurance after speaking with my accountant today. Situation is. Have a 2br unit in inner North Melbourne, bank valued at $400K, $191K principal owing. For 9 years been paying P&I. Unit...
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