Hi all,
I have my loan on PPOR set up as 50% LOC and 50% as standard fixed rate loan. The fixed rate loan is about to finish its term and I was just thinking of merging this to LOC and make one big LOC loan.
Is this possible and what are pros and cons of doing this?
I have one IP with fixed rate interest only. What will be the best loan structure if I want to acquire another IP in next one year or so.
thanks in advance.
I have my loan on PPOR set up as 50% LOC and 50% as standard fixed rate loan. The fixed rate loan is about to finish its term and I was just thinking of merging this to LOC and make one big LOC loan.
Is this possible and what are pros and cons of doing this?
I have one IP with fixed rate interest only. What will be the best loan structure if I want to acquire another IP in next one year or so.
thanks in advance.