I'm not sure what you mean by "used/extra borrowings". They are new accounts just created.
I think I understand. The money that will be advanced to me is going to a savings account linked to my offset. Because it will affect the...
You are right. My mistake. Property valued at 500k. The loan is 80% of the property value. No collateralizarion is involved.
The interest rates are the same for all accounts. Still lower than before refinancing. (I must've been on a terrible rate before hand) Made a...
My tax accountant is advising however I no longer have confidence in him. He hasn't provided me the clarity through the process. I am looking for...
It's a refinance. I think it's just a completely new loan with new accounts. In the form, it asks where it should send any excess money. How...
Hi all, I'm completing a refinance and my loan structure is 1) Home loan 300k 2) Investment loan 50k 3) Investment loan 50k 40k (from equity,...
Thanks guys, i definitely need advice. Does either of you provide one off paid advice? If so, pm me.
I think I understand your point. however, In my scenario it's slightly different. I think I attempt to create equity artificially instead of...
Thanks Paul. Right, incoming producing, ie with dividends. @Terry_w, could you explain why I should split first and then pay down the amount?...
Thanks Terry_w
As in, leave $1 in it? then redraw? Also, if anyone can recommend a tax accountant in ACT, it would be appreciated.
Thanks for the help Terry_w. If I split the loan, then pay it down, wouldn't the loan disappear and become fulfilled?
Hi, Can anyone confirm that a split loan can be tax deductible if it is used for investing into shares? My reading says yes, but would like to...
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