Wondering if anyone has had experience with revolving lines of credit on interest only terms? Wanting to pay home loan quicker and free up more equity for investing purposes. Need advice please.
Take an interest only investment loan with a 100% full offset account instead. Look in the finance section of this forum as there is a lot of information about this already.
Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdHi Ajmish
Have you considered a split loan coupled with an offset? This structure can often be more beneficial than a LOC
Contact a mortgage broker and have him or her explain the various options based on your current situation and future goals,cheers.Regards
Steven
Mortgage Broker
Mobile Mortgage Market[email protected]
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Ph:1800 820 500
VICTORIAPLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.
I have one on one of my properties. What did you want to know? They can get messy if not used properly.
Terryw
Discover Home Loans
Mortgage Broker
North Sydney
Click below to email meTerryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
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