Hey everyone, I'm currently in process on buying a house. Only one bank will give us a LMI waiver for 10% deposit due to my partner's profession....
I know technically any money in a redraw facility is the bank's and taking it out counts as the bank lending to you anew. I've been offered a...
Partner and I hold real estate under our own names. no joint loans or any other finances. This has helped with borrowing power, so we hope to...
Hi Just wondering if I move funds from a redraw to an offset and then used the funds from the offset for a property purchase are the...
I’ve go an Interest Only Loan of $254000 on an investment property with a redraw facility. A couple of years ago I came into some money and paid...
I heard that if I withdraw money from redraw account it is considered a new lending. I have a PPOR loan split of $100k. I also have $100k cash...
Good morning! I have a question please. A while back we too an equity release loan, secured to our primary place of residence. We used this loan...
We have some funds sitting in redraw on a loan. If we redraw from this loan to pay land tax, does the interest on the whole loan remain deductible?
Hello, So here's the scenario: Let's say you have a 500k redraw home loan account with $499,999 sitting there available for redraw. If I...
Anyone knows if you're allowed to miss repayments when a mortgage is in redraw, i.e. you're already ahead in payments? (Generally speaking,...
Hi All, When i got the loan for my PPOR, the mortgage broker gave me a redraw account for reducing interest without explaining any tax...
Hi fellow PCians, I recently attended Graehme Holme's (Infinity Group) webinar on paying off your mortgage quicker. Not withstanding the use of...
We have 500k sitting in offset against six loans with each offset sweeping funds to the loan each month. Balances are reducing faster than ever...
Non-bank lenders cannot offer true offset accounts if they are not ADIs or Authorised Deposit taking Institutions. They cannot offer savings...
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...
Would it be more benefical to pay off my mortgage and then use equity as a down payment on an IP, or redraw the money on my mortgage to buy an IP?...
I had two splits, split1 and split2, both for investment purposes, I requested a top-up, and the bank added split3, the top-up value, $76K,...
Hi apologies if this topic has been discussed before as I am still abit confused on the impacts of changing to a loan that has a redraw facility....
I have recently refinanced our PPOR home loan and took the opportunity to redraw equity to invest in shares. At settlement my previous bank did...
Hi all, After some tips from various users on property chat my partner and I have decided to deposit the cash for our first IP into our PPOR...
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