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Nice one, thanks for the explanation Thann :).

Hi Terry and Singo, Thanks for the responses, especially so late at night. So using those numbers, and assuming interest rates of 5% for PPOR and IP loans and 5.2% for LOC, and a salary in the 37c tax credit range, would the numbers look like this: Scenario 1: Pay IP expenses from wages...

Thanks Terry! A few extra questions to help me understand what you are saying: 1. By borrow, is a LOC the recommended way to do that, e.g. get a LOC for $20K and use that to pay IP expenses? 2. Why is doing that better then just paying the IP expenses out of my personal savings account...

Thanks everyone for the replies, I think I get it now. I was getting confused between two different topics: 1. the concept of mixing loan funds, and; 2. what account(s) you can use to pay for IP-related expenses. So if my understanding is correct, in a nutshell this means: - Keep the...

Hi everyone, I am trying to understand what the basic setup for paying IP expenses should look like. At the minute, I have 3 accounts with my bank: 1. Personal Savings account (offset for PPOR loan) 2. PPOR loan account 3. IP loan account So for the people that don't use a LOC to pay the IP...