I have a question about the operation of CBA loans (assume the Standard Variable Rate loan type).
Presume I have two loan splits :
We have a Pepper Loan. Apparently our loan has no fixed options due to who they have funding the loan. It also has a weird sub account offset set...
Loan Tip: What does ‘Splitting a Loan’ mean?
Changing one loan into 2 (or more) loans is splitting a loan.
Homer has a $100,000 loan....
hi guys, i am purchasing a property with another person in unequal shares. total purchase amount is roughly 900k the other party only wishes to be...
split1 - 200k loan
offset - 100k
interest on loan is 5% of 100k = 5k/yr and it is all tax deductible
in preparation of next...
So I just asked my bank to split a 100k loan into 65k and 35k.
How it looked before:
- 60k used
- 40k available
They have now...
I have just taken out a new loan for an IP deposit.
The loan has been settled and the bank deposited all the funds into my personal account.
If you have a loan with multiple splits, in this mix are costs for purchases, these splits are for the remainder of purchase price, some...
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