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 f@rt 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....
Scenario: 100k LOC, used to buy 2 separate income-producing managed funds at 50k each. 100% of the interest is tax deductible. 1) When one of the...
I had a client recently who had their own PPOR with mortgage ($270k) and due to her work, had built a considerable offset balance ($170k). She had...
Does anyone know if its fine to let the LOC repayments accumulate while paying off the PPOR loan? My intention is to pay the equivilant amount...
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