Hi All, what insightful reading! I am getting myself confused however and hope to get opinions on my situation. I have a PPOR valued at $1.2m....
Hi all, I have an IP loan worth $625k with $25k available for redraw. I'm in the process of refinancing to another bank and want to the new bank...
Because I have paid a fair chunk of money into the redraw of my loan, I have decided to take the option of reducing my repayments. This happens...
If I have $100K in my home loan redraw (not offset), will this count as an asset for Centrelink purposes, if I am ever on Centrelink benefits? I...
If someone redraws an investment loan and uses the funds to pay tax, is that redraw portion tax-deductible?
I have a new loan with a white label lender, where I have a redraw but no offset. I recently tried to pay $50K into the loan using the lender's...
Hello Folks, I am looking at setting up below structure: Current: PPOR loan (variable) - 525k - Have redrawn 75k and used it for IP deposit -...
I have an ANZ home loan account with redraw facility. I've paid off the loan to the last few dollars so that I can start using the funds...
Hi gang, I have a PPOR owner occupied loan of 200k with 200k cash funds available for redraw (effectively loan is paid off). My wife has 50k...
Hi, I am about to pay a loan split down to $0. I don’t want to get close the loan as I want to renovate with the money. I have spoken to the bank...
I hope some can clarify this scenario. The investment loan is started with 500k and an additional payment of $100k is made after 12 months. After...
Okay so I have been lurking on here for a while and can't seem to find a conclusive answer. Even TR 2000/2 doesn't give me a clear answer on this....
So I have an IP that over the years the redraw has added up to about $800 with minor interest reductions etc. I still use an offset for everything...
Just sold another car (down to 3 now!) and once again have a lump of cash to add to the offset. And as usual, no change to the monthly repayment...
Hi, We have PPOR loan for 500k without offset account but with free redraw option. We've been making overpayments for approx 2 years, however the...
Hi Bit of a silly question but I want to be sure and ensure I am understanding it and if possible learn how to work it out for myself We have 3...
What are the pros & cons of paying off your home's mortgage instead of having funds in redraw? (mainly from a retired person's point of view)...
I have several loans that I am ahead in the repayments, to the tune of about $90k. I'd done this to ensure we have no problems meeting payments...
Taking money out of a loan is considered new borrowings for tax purposes. A deposit into a loan is a repayment. This creates a few issues when...
I might want to change my PPR to an IP in the future (10 years maybe) and I have $100k in a redraw account (before I realised the benefits of the...
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