Hi,
I wanted some opinions in relation to my loans.
Currently i had 1 PPOR with NAB
1 IP with ANZ
and i bought my 2nd IP in Chelsea Melbourne. really excited....
So i went back to ANZ and they advised if i bring over PPOR, my LVR would be 79.69% Phew!!! Avoid LMI and also 0.90 off variable
If i stick with NAB and take everything to them, my LVR would be 86%. Have to pay $11000 LMI.
So what i have done so far is said yes to ANZ to set up all 3 properties together. ( Paid $1500 discharge fee to NAB)
PPOR - under joint names
IP1 - just under my name
Ip2 - under joint names ( me & my wife)
I wanted to know in terms of offset, transaction accounts, how do i set that up. ANZ says i can have 1 offset account. How do i work around interest rates, salaries, rental income, property expenses... just want to make sure i do not contaminate stuff which will cause a lot of headache at the end of financial year
your help would be great
I wanted some opinions in relation to my loans.
Currently i had 1 PPOR with NAB
1 IP with ANZ
and i bought my 2nd IP in Chelsea Melbourne. really excited....
So i went back to ANZ and they advised if i bring over PPOR, my LVR would be 79.69% Phew!!! Avoid LMI and also 0.90 off variable
If i stick with NAB and take everything to them, my LVR would be 86%. Have to pay $11000 LMI.
So what i have done so far is said yes to ANZ to set up all 3 properties together. ( Paid $1500 discharge fee to NAB)
PPOR - under joint names
IP1 - just under my name
Ip2 - under joint names ( me & my wife)
I wanted to know in terms of offset, transaction accounts, how do i set that up. ANZ says i can have 1 offset account. How do i work around interest rates, salaries, rental income, property expenses... just want to make sure i do not contaminate stuff which will cause a lot of headache at the end of financial year
your help would be great