Well not quite. We are moving to Tassie soon. we "own" a house in the act worths min. 550k, with mortgage 270k. when we finally go, will rent out the house with rent of $500 per week (conservative estimate). Before my wife resigned from work, we can borrow up to 550k, but if i am to borrow the mortgage using my own salary (end of 60k), only can get about 60k. I like to go with my current bank (Commbank) which has given me the reduced rate with freebies?
any thoughts?
any thoughts?