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Where to put extra funds?
No issues paying the tax in interest earned...better than not getting anything and have the bank use my funds for their investment purposes at no cost. :) You're right...I did some calculations and basically the scenario is: 1) Increase equity in wife's IP by x dollars...then pay less...- noisuf
- Post #8
- Forum: Property Finance
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Where to put extra funds?
gday simon yep, haven't taken out offset option with 2) IP loan offset to maximise negative gearing and not pay small extra monthly charge. Placing surplus into wife's IP offset because if I was to put the the surplus into the IP offset (the IP loan in 1) below, also has 100% offset...- noisuf
- Post #3
- Forum: Property Finance
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Where to put extra funds?
I think I'm on the right track but hoping to have it confirmed. Situation: 1) PPOR with two IO loans, one for the PPOR and the other for my IP. PPOR loan has 100% offset 2) My IP has one IO loan, no offset. Biggest Loan 3) My wife has a IP with one P+I loan. Loan has 100% offset I...- noisuf
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- Replies: 7
- Forum: Property Finance