Hi! This is my first post. I've been reading some great advices here related to buying/selling property, and now approaching the experts in this...
Is there a benefit of LOC over redraw(or offset)? Is LOC product relevant these days when we have redraw (or offset) available? Who is opting...
I have an I/O LOC which will expire in a few months time so need to look around at refinancing. What rates are people currently paying for their...
Hi, I went to a broker to borrow against my house. She talked me out of an equity loan (because I can borrow more with another loan) and said LOC...
Looking for some advice on next steps. Current PPOR (2 bed unit SYD Eastern Suburbs) valued at $1.4 and rental forecast around $750 week. Have a...
I don’t like Line of Credit (LOC) products! Here is why a) Generally, they are at call Unlike a term loan, a loan with a 30 or 25 year term,...
Hi folks, I currently have an IP, and have managed to get two equity releases related to that. The scenario currently looks like this: Loan...
Hey all, I am in the process of selling my final IP and will be receiving some cash and am not sure what the best use of this cash is. I...
So, I have the following loans: - Line of Credit 2.85% - Limit $250k with $100k available - IP Loan 3.14% fully offset by $220k in savings - IP...
I've got a Line of Credit with that I use for IP deposits etc which has sub accounts that are paid down and zerod over time then recycled into...
Capitalisation occurs when a borrower pays a loan using other borrowed funds to make the repayments. Normally the answer is No and the...
I am looking around to refinance an LOC that I currently have and State Custodians are by far offering the best rate. I have read many reviews on...
It is rare for a broker or banker to be trained in the tax issues surrounding the different products and features that are available, so they will...
We have a Viridian LOC with CBA. We can switch this to a P&I loan with repayments over 25 years very close to what the interest repayments are...
Hi experts, Have a Liberty LOC originally with $100K fully drawn. After selling the property for which $100K was used as deposit, the same amount...
Hi, i am new here and have a question about loan types. I am trying to wrap my head around these three terms. I have no idea why anyone would...
Situation: Two properties: Inve St (investment, $60K of LOC debt) and Owen Rd (owner-occ, $100K of LOC debt, ready to reduce to $80K). Three LOC...
Post APRA, having moved into one IP and temporarily on a single income, bank servicing departments in the new world would cry if they plugged in...
Hi All, I would like to seek some generic advise about my current situation. Back story: My wife and I migrated to Australia and finished uni...
Many housing markets around Australia are beginning to turn negative. Intend to pull equity from IP to invest in shares if there is a crash/dip....
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