hi all, a newbie to the formum look for refinancing. did a bit of resarch online and find this chat forum for info about loans and properties. pretty interesting
Got a question to all tho. i bought my owner occupied appartment 3 years ago. have been living in there. and 1 year ago, i moved out and live with my gf and listed my appartment out. do i have to notify my bank? since the purpose is different
Hi and welcome! You don't really need to tell the bank, but depending on your plans and goals it might well be worth restructuring and changing it into an investment loan so you can save for other things and retain as much investment debt as possible.
Adding to what Jess said. There may be tax implications in they way you've done it - you could be paying more tax than if you have done it differently. It may be worth while getting advice from an accountant, if there's something you can do to change it, it may end up saving you a lot in tax.