Search results

  1. thetom

    To refinance or not? thoughts please

    thanks for your help. i guess my next step is to get onto my mortgage broker when hes back from holidays and get it all sorted out.
  2. thetom

    To refinance or not? thoughts please

    I recently purchased my first IP and redrew $14000 straight out of this home loan and used it straight away for the deposit for the IP. This $14000 is now tax deductible? Im still not 100% on how refinancing works in the way of equity. If my property has risen in value by $20000 can this get...
  3. thetom

    To refinance or not? thoughts please

    Is there any specific way that i would need to withdraw the money from the redraw to keep it tax deductible? like keep it in a separate account for investing? or just show that i used the money as a deposit? if i was to refinance would i need to withdraw the money for investing before i...
  4. thetom

    To refinance or not? thoughts please

    Hi I currently have a PPOR that i have lived in for 2 years. Purchased for $345000, still owing $210000 with $65000 in the redraw. It is on a discount home loan with no swapping to another loan, and as such i believe the only way for me to change to an IO with offset is to refinance...
Back
Top