Based on what I read on CBA website, I think during the deferred period, the interests are still charged and added onto the loan the same way as...
Now with difficulties due to COVID-19, if one has an investment property and opted to defer loan repayments for 6 months, will the interests on...
Enquired CBA and found that for Inv P+I, there is a 0.44% gap between fixed (1-3y) and variable as of today.
CBA is offering Inv P+I, 1 to 3 year fixed (wealth package) at 3.19%, Inv IO 1-3 year fixed 3.39%
I would not concern about the deductibility of interests charged by bank prior to the settlement. What I try to make sure is my 105% loan yet to...
I used "borrowed" money for the deposit but due a series of mistakes, only a third of that can be safely deemed as borrowed money. The bank gave...
Thanks Paul. This relates to the desire of settling without using the deposit. The vendor's agent wants their fees been held by vendor's solicitor...
Hi Terry, thanks a lot for your prompt reply and advice.
Thought of asking a question which may already be answered elsewhere: if deposit is not touched at settlement ( as new loan from bank is...
Thanks. So to be safe, one need to split the loan first into $120k and $30k loans and then pay down the $30k loan.
Thought of asking whether same exception also applies to the following scenario: - Bank approved an $150k loan for IP; - At the settlement, only...
Hi Terry, Thanks a lot for your advice. I understand that it was really a mistake to pay the deposit from the offset account. In my case, to the...
Great post by Terry, which may help my situation. We recently purchased an IP, paid 10% deposit using what I thought was "borrowed" money. After...
Separate names with a comma.
