Hi all,
I am certain that this has probably been asked many times before but I can't find it.
My hubby & I are finally at the stage (we think) of purchasing an IP.
We have found something we like but are unsure of associated costs.
We are hoping to purchase in Vic.
I think we are looking at 100% finance.
We have equity on our PPOR but not quite sure on the ins & outs of how this works.
Our PPOR is valued at $400k.
We owe $250k.
We have 3 dependents and no other debt other than our PPOR mortgage.
What sorts of costs are we looking at on top of the property cost?
Thanks,
Above Average
I am certain that this has probably been asked many times before but I can't find it.
My hubby & I are finally at the stage (we think) of purchasing an IP.
We have found something we like but are unsure of associated costs.
We are hoping to purchase in Vic.
I think we are looking at 100% finance.
We have equity on our PPOR but not quite sure on the ins & outs of how this works.
Our PPOR is valued at $400k.
We owe $250k.
We have 3 dependents and no other debt other than our PPOR mortgage.
What sorts of costs are we looking at on top of the property cost?
Thanks,
Above Average