Cashflow Mortgage

[Fester]

Hi all. Just want peoples opinion on InvestorsDirect and their "Cashflow Mortgages". I realise that the concept eats into any future capital growth but in a time of rising prices is this a worthwhile strategy? I am a little concerned that they claim "you can claim the tax benefit from the interest you haven’t physically paid". Don't know if the ATO would feel the same! What am I missing?
http://www.cashflowmortgage.com.au/index.asp

Regards, Fester

 

[DavidMc]

This has been discussed several times. Try doing a search.

 

[Fester]

This has been discussed several times. Try doing a search.

I can find info on these type of graduated mortgages but not this particular company. Maybe I am not looking hard enough!

 

[Jamie]

I can find info on these type of graduated mortgages but not this particular company. Maybe I am not looking hard enough!

http://www.somersoft.com/forums/showthread.php?t=29551&highlight=%22investors+direct%22

http://www.somersoft.com/forums/showthread.php?t=29269&highlight=%22investors+direct%22

http://www.somersoft.com/forums/showthread.php?t=26633&highlight=%22investors+direct%22

http://www.somersoft.com/forums/showthread.php?t=28041&highlight=%22investors+direct%22

http://www.somersoft.com/forums/showthread.php?t=28502&highlight=%22investors+direct%22