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  1. tobe

    $28k break fee before buying first IP – borrowing capacity impact?

    yes our definitions of marginal differ. Its like arguing with people about rate. Yes, ubank has a low rate, itll save you thousands every year. Having the correct finance structure will make you ten times that.
  2. tobe

    $28k break fee before buying first IP – borrowing capacity impact?

    not breaking the fixed rate would only marginally improve income when deductable, and wouldnt have any noticeable effect on borrowing capacity. From a lenders perspective substitution is just that, selling the existing, and transfering to a new property. Keeping the old property might be a...
  3. tobe

    $28k break fee before buying first IP – borrowing capacity impact?

    I doubt the ATO would look kindly on security substitution and then breaking a fixed rate........ The property is already income producing, you can break it now and claim at least part as deductable. granted CGT implications, but they are usually minor in the larger scheme of things.
  4. tobe

    $28k break fee before buying first IP – borrowing capacity impact?

    umm, if its an airbnb, then its already an investment property. Or part of it is, as is part of the loan. Referring to the title, the borrowing capacity IMPACT. The impact is on your state of mind, your psychology, regarding wealth and investment. Yes, breaking now might be more...
  5. tobe

    $28k break fee before buying first IP – borrowing capacity impact?

    a. dont fix for longer than you can reasonably foresee your circumstances b. dont fix money you can foresee paying back during the fixed rate period. c. dont fix based on rate, fix on personal need/circumstance
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