Resetting mortgage

Discussion in 'Loans & Mortgage Brokers' started by Oats, 17th Jul, 2021.

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  1. Oats

    Oats Well-Known Member

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    17th Feb, 2019
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    Location:
    Rockingham, WA
    I was thinking about this situation today, I have multiple loan splits on my PPOR due to a debt recycling strategy, a couple of the splits are mixed loans (for various reasons), if I were to refinance to one single loan with a different lender, would that reset the loan back to normal or would it just create an even worse mix?

    any insight would be much appreciated
     
    Oats, 17th Jul, 2021
    #1
  2. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    Gold Coast (Australia Wide)
    worse :)

    get some tax and credit advice

    ta
    rolf
     
    Rolf Latham, 17th Jul, 2021
    #2
  3. Terry_w

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

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    It would be mixed further
     
    Terry_w, 17th Jul, 2021
    #3
  4. Oats

    Oats Well-Known Member

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    Rockingham, WA
    Thought that would be the case. I have no intention of doing so, just intrigued.
    Thank you both.
     
    Oats, 17th Jul, 2021
    #4
    Terry_w likes this.