Search results

Okay Terry thanks for the info. I'll be happy to sort this out on my return from my trip as there's not enough time now. The line of credit is a separate loan of 20k and I was thinking of using it as a slush fund from where the rent goes in and loan repayments come out of. Any excess I was going...

Cost of offset account added later? Hi I've just refinanced my 2 Ips with Macquarie. Two I/O loans, one for each house. In discussions with mortgage broker, I asked for a LOC account where rents will be deposited and from where direct debits for both mortgages can be drawn from. As the...

Hi Terry, I'm moving out Dec so current PPOR will become an IP = 2IPs. This is why I'm refinancing. I'll be moving into my partners house.

Hi Terry The principle & interest is only another $600 p/mth, would you suggest heading in this direction rather than interest only?

Thanks CJ & finance shop. My thoughts are to use the excess money from the rental yield to increase my share portfolio for the next few years before purchasing a third property. I'm nearly 55 and feel I need to spread my risk. Mortgage broker is leaning toward Macquarie @ 4.89% line of...

Hi, hope you can help me. Have an IP and my PPOR will become IP in Dec. IP is I/O loan 100k comm, 256k Adelaide PPOR is P&I. 110k comm I am refinancing to change all to I/O. Mort broker has given me 3 options combining all debt into one bank? Loan amount would be 490,868k Macquarie...