Search results

Thanks guys, I'll go and do further research on some of your suggestions and get talking to a mortgage broker. cheers

sorry one more question re: option2, is it worthwhile to park our savings in the Offset attached to the IP I/O loan? from my understanding, it's only worthwhile to park large savings in an offset attached to PPOR loans. or is 'what to do with the savings' more of a mortage broker/financial...

Is there any particular product or strategy that we should follow to free up the equity? is this what they call cross collateralization (use one property to secure another) what are the risks?

Thanks for the quick reply. Rented 6months (after purchase) Owner occupied 3.5years Rented again 3years From what I've read, I think I will have to pay captial gains tax if I sell. Yes in hindsight I should have gone with an IO+Offset for IP1. Lesson learnt!

Was recently introduced to this site and it has been a great and informative read. Hoping to get some advice with our situation below.... Main objective is to move out of the inlaws place (:D) and find a place of our own for the next 3-5years, whilst trying to keep as much personal savings as...