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....
Hello fellow investors, I have two LOC for 2 investment properties. As I have no interest is aquiring more property, I wish to focus on paying...
I have two LOC for 2 investment properties. As I have no interest is aquiring more property, I wish to focus on paying down the LOC debt. Will...
Hi All, I have an investment loan with CBA that is about to end its 5 year fixed term. Shocking rate of 5.7% for the last 5 years! Anyway that is...
We have LOC's with Westpac and in the past , if you wanted to change them , you'd just ring up and they'd split them , eg 400 K into a 150 K loan...
Hi PCers, This may sound like a dumb question, but does the name on the bank account or on the cheque have any bearing on who can claim bank loan...
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