Hi there,
Am new to the forum and couldn't find a logical place to put this so please excuse if wrong place.
I am a PIA user and attempting to use to model my situation. Am just purchasing first investment property.
We own our home but using a LOC to fund the deposit - up to 20% to avoid mortgage insurance.
The other 80% will fund with a separate loan.
I can't figure out (and maybe there isn't a way) to model this situation in PIA. The separate mortgage is easy but the LOC for 20% which is also obviously used for tax purposes escapes me.
Any suggestions appreciated!
Thanks
Am new to the forum and couldn't find a logical place to put this so please excuse if wrong place.
I am a PIA user and attempting to use to model my situation. Am just purchasing first investment property.
We own our home but using a LOC to fund the deposit - up to 20% to avoid mortgage insurance.
The other 80% will fund with a separate loan.
I can't figure out (and maybe there isn't a way) to model this situation in PIA. The separate mortgage is easy but the LOC for 20% which is also obviously used for tax purposes escapes me.
Any suggestions appreciated!
Thanks