Terry’s Loan Tips

I have found reading these loan tips from Terry really helpful to me recently, so I thought to post them in list format in a single thread so others could benefit.

1. Loan Tip: Not everyone needs an Offset Account
2. Loan Tip: Co-Borrowers, new requirements
3. Loan Tip: Discretionary Trust income and Serviceability
4. Loan Tip: Different types of Guarantees for Loans
5. Loan Tip: Outgoing Lenders Deliberately Delaying Refinances
6. Loan Tip: What are 'Third Party Mortgages'?
7. Loan Tip: Redraw on a PI Loan

 

Here are a few more

Loan Tip: Uncrossing Crossed Colleralised loans Loan Tip: Uncrossing Crossed Colleralised loans

Loan Tip: IO loan or PI with lower rates? IO loan or PI with lower rates?

Terryw’s Ideal Loan Structure Terryw’s Ideal Loan Structure

Loan Tip: A case for Cross Collateralising Loan Tip: A case for Cross Collateralising

 

A new one:
Loan Tip: Co-Borrowers Cancelling Redraw Facilities Loan Tip: Co-Borrowers Cancelling Redraw Facilities

An old one:
Loan Tip: IO loan or PI with lower rates? IO loan or PI with lower rates?

 

Loan Tip: Lenders Requesting Letters from Accountants, Financial Planners and Lawyers Loan Tip: Lenders Requesting Letters from Accountants, Financial Planners and Lawyers

 

Loan Tip: And/or Nominee on contracts and Loan Approvals Loan Tip: And/or Nominee on contracts and Loan Approvals

 

Tax Tip 279: Don’t let a Related your Company Guarantee your Loan Tax Tip 279: Don’t let a Related your Company Guarantee your Loan

Tax Tip 280: Loan Repayment Holidays and Tax Deductibility Tax Tip 280: Loan Repayment Holidays and Tax Deductibility

 

Loan Tip: Loan Serviceability when Employed by Family Loan Tip: Loan Serviceability when Employed by Family

 

Loan Tip: Why would someone want 2 offset accounts on the one loan? Loan Tip: Why would someone want 2 offset accounts on the one loan?

any topic requests for loan tips?

 

Loan Tip: A Lender’s right to combine accounts Loan Tip: A Lender’s right to combine accounts

 

Trust Strategies to Increase Borrowing Capacity Trust Strategies to Increase Borrowing Capacity

 

Tax Tip 74: Selling a property that secures other loans Tax Tip 74: Selling a property that secures other loans

Trust Strategies to Increase Borrowing Capacity Trust Strategies to Increase Borrowing Capacity

Strategy: Using AMP’s Master Facility to Debt Recycle Strategy: Using AMP’s Master Facility to Debt Recycle

Loan Tip: When can a Guarantee be Given for a Loan? Loan Tip: When can a Guarantee be Given for a Loan?

Loan Tip: Can a Brand New Company Borrow? Loan Tip: Can a Brand New Company Borrow?

 

Can’t find the thread which provides info on how to go about purchasing an investment property in Joint names,husband and wife.

 

A quick summary, You would just sign the contract in both names and if you are borrowing against the property being purchased both would need to go on the loan as well.

 

Thanks.I’m a high income earner and my wife basically does steady casual work and earns between 15k-20k in a year.Have read your ideal tax structure thread and will be setting up the IP loan in a similar manner by accessing equity in my PPOR .
Are there any benefits in jointly buying the IP?
Loan for IP will be in my name.

 

You should seek specific legal advice. But read these first:

Strategy: Buying in Joint Names Strategy: Buying in Joint Names

Tax Tip 21: Tax Advantages of Buying property in 1 name only Tax Tip 21: Tax Advantages of Buying property in 1 name only

 

Thanks Terry

 

Tax Tip 304: Split Loan as Needed Rather than a Big Split when Debt Recycling Tax Tip 304: Split Loan as Needed Rather than a Big Split when Debt Recycling


Loan Tip: 6 Reasons to Avoid LOC Products – In Most Cases Loan Tip: 6 Reasons to Avoid LOC Products – In Most Cases

 

Tax Tip 304: Split Loan as Needed Rather than a Big Split when Debt Recycling Tax Tip 304: Split Loan as Needed Rather than a Big Split when Debt Recycling

Loan Tip: Borrowing to Buy a Property without Mortgaging it Loan Tip: Borrowing to Buy a Property without Mortgaging it

 

Tax Tip 315: Loans and Capital Gains Tax Tax Tip 315: Loans and Capital Gains Tax

Loan Tip: Timing of Setting up Companies Loan Tip: Timing of Setting up Companies

Loan Tip: What is Cross Collateralisation? Loan Tip: What is Cross Collateralisation?

Loan Tip: What Happens to a Guarantee if Director Resigns? Loan Tip: What Happens to a Guarantee if Director Resigns?

Loan Tip: Securing More than One Loan on One Security is Not Cross Collateralising Loan Tip: Securing More than One Loan on One Security is Not Cross Collateralising

 

Legal Tip 318: An Individual Lending Money to a Trust of Which they are the Trustee Legal Tip 318: An Individual Lending Money to a Trust of Which they are the Trustee


Tax Tip 319: How to Debt Recycle when Investing in Small Amounts? Tax Tip 319: How to Debt Recycle when Investing in Small Amounts?