We intend to make our PPOR an IP eventually and hence are paying IO on it. We got a bank valuation done and have approx. $200k equity in this...
In the process of refinancing the PPOR to NAB to release equity after a major renovation ($100k increase in value based on bank val). The current...
Hi All What is the feasibility of using part of an LOC for an IP held in my name and then part for a different IP held in a discretionary trust...
Resetting a LOC between purposes (in this case, investment -> investment) is easy: simply pay it off and the full balance of remaining credit will...
I just want to understand this a bit more, I've been reading a few threads that mentions this. Once you have a loan, why would you look at a line...
Brains Trust My PPR is set up with a CBA LOC for the purpose of putting deposits on IPs. The interest on this LOC is tax deductible. If I...
Hi guys Just wondering if the following is possible Have a ppor that is currently paid off , approx current value would be circa 550 k...
So I'm wanting to do some renovation works to one of my IP's to unlock some more equity for future purchases and was wondering if the LOC or...
We have a CBA LOC and have been asked by the bank to nominate whether this is used for personal or investing purposes . Personally I think my...
I had a quick question for the finance gurus here... I am self employed and have a few properties I want to take to a bank to refinance to...
Hi peoples, i have a query in relation to securing a line of credit with my banking institution. Paid off my ppor worth around 350k ish and have...
What would the expected rates (range ?) be for low doc , line of credit loans (LOC) Secured with residential property, less than 1 KM from...
Initially, I set up a hybrid trust in order to claim tax on interest on the LOC loan to purchase unit trust. The hybrid trust has been set up via...
Hi All, I have recently established an LOC for use in relation to one of my IPs. I'm just curious what type of IP expenses people are--or are...
Is it possible/sensible to remove all non-deductible PPOR by 1) purchase IP; 2) reval IP over time and place funds into PPOR offset; 3) paydown...
Let's say an IO loan reverts to P&I (IO could not be extended for some reason.) I think I understand what happens when a 30-year SVR loan reverts...
Hi All I recently revalued 2 properties and now I have access to 120k of LOC. Presently, I have little cash in the bank but my 'buffer' is...
Having a brain [email protected] this evening. If I pay IP expenses using the LOC, I can claim the interest paid on the expense. When can I claim the...
Hi Brokers, Question regarding line of credit and as always, consideration of loan structure and contamination. Say I have a loan of 200k and I...
Some people have their rents paid directly into their LOC. I must say that I am not in favour of this strategy and outline my reasons below....
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