I had a $20k IO split that I wanted to use for investment purposes. The loan had been sitting fully drawn for months (for non investment purposes)...
Hi, I currently have a PPOR which I have paid off (the balance of the loan is $0), with 200k available in redraw in that loan. I have never used...
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...
Hi every one I have a redraw account and a offset account attached to my loan for a investment property . I have herd that the banks are starting...
There is an article on the SMH website by warning people to take any available redraw now and place in an offset account before a rumoured sweep...
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 many knowledgeable forum members, Is there any tax guru around here that can provide some insight. I couldn't seem to get a straight answer...
Hi all, Sorry if this is asked before, I have a few questions on redraw seeking clarification: The situation is for someone to use redraw on main...
I am new to this forum, I am also fairly new to the world of investment propertys. I bought my first property in January 2015 at the age of 20, I...
Hi everyone, My first post on this forum after a long time of lurking. Please go easy on me. :) I am about to buy my first PPOR, a 3br in a...
Hey guys, I bought a house about 6 months ago and have been putting all my savings in the redraw facility. I now want to rent this house out, and...
Hi all, Just a quick question. My PPOR is P&I currently and I have surplus funds in an offset account. If I move those funds to the loan with a...
Guys hoping someone can shed some light on this scenario/position my brother has found himself in and also for others to learn from this stuff up!...
Just wanted to a quick question re preserving deductibility (as opposed to increasing it). I've read through many threads and googled but can't...
G'day all, Recently had my loan split from 2 accounts to 3 and added an extra offset facility to one of the new loan accounts. When trying to...
I have a redraw of $300,000 on my city IP I want to buy a IP in Moree for 150,000 but have no cash Should I 1/ redraw the 20% deposit and go...
How does a P&I loan with redraw work if the extra funds deposited into the redraw has no impact on the repayment amount? Wouldnt the extra...
I am in a situation where I need to redraw against my PPOR mortgage, to invest in property. Pay into the current mortgage from my offset. I...
Hi everyone, I'd really appreciate some guidance... I spoke to the bank about possibly re-financing our current home (purchased April 2016) to...
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