Search results

Ok sure, got it, thanks!

Thanks for the last comment Rolf! Just a quick question about the new 40k loan on the first property, would the interest on that be tax deductible as well as the 332k loan or only the 332k loan?

Hmm thanks for the replies again. Rolf, here's a little more info on our situation which may help: We paid a 20% deposit on the first property, so no LMI. It's an IO loan and we haven't paid any further off it. Does this mean we would pay some LMI to free up the 40K loan on the first...

Thanks for the replies! Rolf, with refinancing the current property (415k) to 90% to free up the 41.5K for deposit on new property, could the broker organise this for us? Does this have to be done (refinancing) with the current lender on the property or could it be with any lender? And does...

Hi, Just wanted to get some thoughts on the following situation my partner and I are in: Purchased 1st home (sydney, nsw, now becoming IP) in 2010 415K, interest only loan Loan Currently 332K Wanting to purchase second home (also in sydney, nsw) soon, valued at around 500K - unsure...