Loan Structure - any concerns with this structure

Discussion in 'Loans & Mortgage Brokers' started by lisawithane, 15th Aug, 2016.

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  1. lisawithane

    lisawithane Well-Known Member

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    Of course :) thank you.

    If I tackle the question another way, what's the best loan structure if you have a client wanting to invest in multiple properties and use the equity in their PPOR?
     
    lisawithane, 15th Aug, 2016
    #21
  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    I have outlined my ideals in a separate thread called terryw's ideal loan structure
     
    Terry_w, 15th Aug, 2016
    #22
  3. Peter_Tersteeg

    Peter_Tersteeg Mortgage Broker Business Member

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    Simple answer is keep doing what you're already doing. Access the equity in your PPOR for deposits and costs, borrow the remaining 80% against the IP.

    Then when the IP has enough equity, consolidate the equity loan from the PPOR by increasing the associated IP loan and paying the PPOR equity loan off. This just tidy's thing up.
     
    Peter_Tersteeg, 15th Aug, 2016
    #23
    albanga, Jess Peletier and Hodge like this.
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