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  1. duncan_m

    help with loans please

    Reply: 2.1.3.1 From: Duncan M I like this thinking, use cash to reduce personal debt, the reduction in the debt allows a larger LOC, draw down on the LOC to pay for what you were going to use the cash for.. Duncan.
  2. duncan_m

    help with loans please

    Reply: 2.2.1.1 From: Duncan M Hi Owen, Yes, possibly, of our properties, one unit and one house could benefit, with 2 very young kids and the rat race competing for our time however it'll be difficult. I've been talking with a guy at work in much the same situation, multiple properties...
  3. duncan_m

    help with loans please

    Reply: 2.2 From: Duncan M Actually, as a follow-up to this: I've found in the last 6months or so that the Mortgage Insurers wont touch me with a bargepole now, early on in our acquisitions we used 20% deposits from our PPOR.. I wish I'd only used 5% deposits and got as many properties...
  4. duncan_m

    help with loans please

    Reply: 1 From: Duncan M Its not the BEST way but it will work. The Best Way is for the Bank to restablish your current PPOR morgtage at the current balance and then establish a LOC against your PPOR back up to 80% of its value, the bank can then advance you money from this LOC for your...
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