Dear experts, Few years ago, I refinanced my PPOR and took the additional capital to pay the 20% downpayment of an IP. The remaining 80% is...
Hi. General question for friend. She has a ppor home with a loan and offset. Recently purchased an invst ppty with another loan and offset ie...
Hi all, IP1 Mortgage 1 - 220,000 @ 2.9% Variable P&I 27 years - repayments $976 month - 100% Offset available IP2 Mortgage 2 - 580,000 @ 3.4%...
Hi guys I'm currently considering putting extra funds to offset our IP, the loan is 425k. There is already an offset account attached to this...
Hi everyone, Thank you for all the wisdom and advice. I have received a large of money that I have been sitting on for some time and am ready to...
Hi Situation: - IP just purchased in my name. Ie not joint - me paying highest marginal tax rate - wife at lowest marginal tax rate - no other...
Hi, I am waiting for an off the plan to complete expected around end of September early October. My question is all my current investment loans...
I'm thinking of converting my PPOR loan to P&I. My other loans are IO. My current set up is: PPOR: 500K IO loan with 150k offset IP1: 350K IO...
Hi All, Hoping to get some clear advice. I bought an investment property in October 2016. I put down a deposit using money from my offset account...
Hi All, Just thought I would share a hairy experience I had with CBA today regarding drawing down on a home loan. Late last year I pulled equity...
Hi All, How does the offset impact the total amount repayable on a loan? I realise that it reduces the interest payable on a loan, but would it...
Hi guys, just a quick query to check I'm not getting myself into trouble with the ATO. The short version: I refinanced my property and had the...
Hi all, I've paid 15k deposit for an IP out of my savings account and am going to be reimbursed from the bank loan upon settlement tomorrow. The...
I have a home loan for my residential family home purpose, e.g. $1m, so the interest is nondeductible. The repayment every month is $5k which is...
Hi, long time lurker finally pushed to post by the stupidity of banks. Hope this is in the right place - concerned about tax implications because...
Hi I have an investment property. I have done a refinance of the loan/cash out to clean the slate and all refinanced monies are in an offset...
Hi all, My bank wants to advance borrowed funds to my offset (says they cant pay vendor direct) In light of all the posts re mixed funds in...
Tax question please: If you have an offset account linked to an investment loan, what is the interest that is deductible - the interest of the...
I've been slack and not submitted my last 2 x tax returns.. and I've now found a huge mistake with the details of my loan accounts, specifically...
Hi all, this is probably a very silly question but I'm not great with getting my head around this and perhaps I'm overthinking it. Example: I...
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