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Hi Peter, I haven't spoken to ANZ yet about equity release since my last conversation with retention team last November. My IPs were bought in Sydney and Newcastle few years ago hence there are some equity available. My current PAYG income is ~350-360k (not include rental income). I was...

That is 2nd option in my mind to transfer Family trust's loanwith CBA, however, separating personal and trust asset. However, the interest rates may not be as sharp as 4.35% + extra wealth package fee. I was trying to maximise to 5 loans under ANZ Breakfree package before considering...

Terry, it would make it very difficult for them to touch the asset unless I tried to hide from the creditor from transferring the property post "event" (I am talking about medico-legal cases end up in the court for compensation)

Hi Peter, Sorry, I was unclear about my PPOR (midnight reply). I normally do ask for a separate LOC account if I am extracting equity from my PPOR to buy IPs. I tried not to use my PPOR's equity, in fact, I am thinking about discharging the mortgage from the bank. I prefer to use other IP's...

Hi Terry Thanks for your input I am the main income earner and my wife has minimal income (due toddler) The tile of PPOR is solely under my wife's name due to my high risk occupation. Hence, I was thinking about discharging the mortgage.

Hi Peter I haven't spoken to him yet since the last email 1 week ago. I dont know the rationale behind of combining my 3 stand loans into 1. I told him the structure I want PPOR with 100% Offset (80% LVR) IP1 with 100% Offset or LOC of equity at 80%LVR) IP2 with 100% Offset or LOC of...

Hi Redom, When I initially set-up my loan with ANZ bank, I have each individual loan against each property with 20% deposit, hence No cross-securitising. My purpose of refinancing to CBA is to release some equity and to have better rates (currently paying 4.53% vs. 4.35%), however ANZ has...

Hi Rolf, 1. Thanks for the advice. I will consider another institution for new IPs, however my bargaining power will be less in terms of negotiation of discounted interest rate. 2. I am thinking about discharging my PPOR's mortagage. I agree that defeat the purpose of asset protection.

Thanks for the input. I did specifically told MB not to cross collaterised the loan, but the proposal is no difference :mad::confused: My current PPOR has 100% Offset I/O with the $loan amount = $ offset amount, hence paying $0 interest. I was thinking about discharging the loan from the...

I am thinking about re-finance my current PPOR and IPs with the aim to extract the equity and to lower my current home loan rate (4.53%) This is the suggestion from the MB <<snippet>> As per our discussion, the structure is as follows XXXXXX Facility 1 - PPOR - Wife's name on title...