I have read corsa's post and it was Fantastic!!!! Still not sure on one area.
Is it acceptable to borrow an extra 30,000 on my investment loan for the purpose of paying interest on the investment loan over the next few years.
If i understand correctly this is fine as long as the extra money borrowed is only used for investment purposes.
This then enables me to put all my earnings including rental income into my PPOR to reduce this loan as quickly as possible.
Is it acceptable to borrow an extra 30,000 on my investment loan for the purpose of paying interest on the investment loan over the next few years.
If i understand correctly this is fine as long as the extra money borrowed is only used for investment purposes.
This then enables me to put all my earnings including rental income into my PPOR to reduce this loan as quickly as possible.