Search results

Thanks People, The purpose for the LOC was purely for deposits and as you say, Tim, balance of any IP or other invesment purchase ideally through a separate lender to avoid cross-collateralisation. I would not be using the LOC to fund the actual purchase of properties, even if they...

Thanks Saint & Richard, I agree, Richard - sounds like they they haven't taken into account the redraw facility or have automatically assumed that it will disappear - an assumption I will be quick to dispel. Zargor

Hi All, I am currently applying for a LOC to ensure funds available for any opportunities which may arise over the next 12 months. My PPOR is valued by bank at $445k Loan Balance is $157k Redraw facility has $69k in it Salary details for me and wife around $130k The bank is saying...