Folks looking for your input on a pending change of life situation and ramification for my lending arrangements.
Bank with one of the major banks and have two investment properties and one ppor. These have been established with a current PAYG.
Over the course of the following 12 months my plan is to step out of the PAYG.
Expect that my income will be reduced quiet dramatically (ie. will largely be passive based income from equity/fixed income market investments).
LVI around the combination of the property is ~80%.
What are the risks around my lending situation? Assuming that I continue to make my repayments on a timely basis.
Welcome any thoughts/input and q's if I can help clarify.
Bank with one of the major banks and have two investment properties and one ppor. These have been established with a current PAYG.
Over the course of the following 12 months my plan is to step out of the PAYG.
Expect that my income will be reduced quiet dramatically (ie. will largely be passive based income from equity/fixed income market investments).
LVI around the combination of the property is ~80%.
What are the risks around my lending situation? Assuming that I continue to make my repayments on a timely basis.
Welcome any thoughts/input and q's if I can help clarify.