PPOR equity - loan products to buy shares?

Discussion in 'Loans & Mortgage Brokers' started by daver, 22nd Mar, 2020.

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  1. daver

    daver Member

    Joined:
    30th Aug, 2015
    Posts:
    15
    Location:
    Melbourne
    Hi,

    I currently have a $660K PPOR loan with WBC package (1.5 discount) approx 50% LVR and am looking into borrowing some of the equity (<80%) for the purposes of investing in the sharemarket. (100-300K subject to borrowing capacity)

    I am just trying to understand which loan products/structure I can use for this investment purpose before approaching WBC? (prefer not to have to switch).

    Thanks

    Dave
     
  2. Terry_w

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

    Joined:
    9th Jun, 2006
    Posts:
    30,819
    Location:
    Australia wide
    rocked repay investment loan, either PI or IO. Consider the cash out restrictions too