Offset IO vs Redraw IO

Discussion in 'Investment Strategy' started by yoyo_guitarist, 15th Nov, 2019.

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  1. yoyo_guitarist

    yoyo_guitarist Well-Known Member

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    Hi Lindsay can I ask how I would go about using the equity in one property to pay down the other? Would I need to take out an equity loan with the same lender of the property with the most equity?
     
    yoyo_guitarist, 18th Nov, 2019
    #21
    Lindsay_W likes this.
  2. Lindsay_W

    Lindsay_W Well-Known Member

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    1st Jul, 2015
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    QLD/Australia Wide
    Hi Brett,
    That's correct, unless you want to refinance to another lender and do the equity release at the same time
     
    Lindsay_W, 18th Nov, 2019
    #22
    yoyo_guitarist likes this.
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